SK Hynix (Backpack Securities) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 48.6× the size of SK Hynix (Backpack Securities) (SKHY) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 37 shared trading days). SKHY has been the more volatile of the two, at 102% annualised against CRCLB's 82%.

Correlation: 0.05
Size ratio: 1 : 48.6

SK Hynix (Backpack Securities)SKHY

$145.4400

24h: -3.07%
Market cap: $3.37M
Volume 24h: $2.99M
Volatility (ann.): 102%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3900

24h: +5.17%
Market cap: $163.95M
Volume 24h: $23.61M
Volatility (ann.): 82%

SKHY 2.0%Share of the two combined market caps98.0% CRCLB

Performance

SKHYCRCLB

7 days-17.99%-7.34%CRCLB
30 days-15.17%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.05over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	SKHY	CRCLB
Max drawdown (400d)	-27.6%	-31.5%
Risk-adjusted return (90d)	-0.08	0.25

Relative strength over 90 days: SKHY outperformed CRCLB by 10.7% — measured on the SKHY/CRCLB ratio, so it holds regardless of market direction.

SK Hynix (Backpack Securities) →Circle Internet Group (bStocks Tokenized Stock) →