SK Hynix (Anchored Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 185364.5× the size of SK Hynix (Anchored Tokenized Stock) (ASKHY) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ASKHY's 65%.

Correlation: 0.16
Size ratio: 1 : 185364.5

SK Hynix (Anchored Tokenized Stock)ASKHY

$145.7000

24h: -2.62%
Market cap: $874
Volume 24h: —
Volatility (ann.): 65%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.0100

24h: +2.25%
Market cap: $162.04M
Volume 24h: $41.12M
Volatility (ann.): 82%

ASKHY 0.0%Share of the two combined market caps100.0% CRCLB

Performance

ASKHYCRCLB

7 days+3.17%-5.56%ASKHY
30 days-24.61%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.16over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	ASKHY	CRCLB
Max drawdown (400d)	-32.4%	-31.5%
Risk-adjusted return (90d)	-0.38	0.23

Relative strength over 90 days: CRCLB outperformed ASKHY by 17.3% — measured on the ASKHY/CRCLB ratio, so it holds regardless of market direction.

SK Hynix (Anchored Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →