SK Hynix • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 90.9× the size of SK Hynix • Robinhood Token (SKYHY) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 39 shared trading days). SKYHY has been the more volatile of the two, at 98% annualised against CRCLB's 82%.

Correlation: 0.07
Size ratio: 1 : 90.9

SK Hynix • Robinhood TokenSKYHY

$145.3900

24h: -2.88%
Market cap: $1.76M
Volume 24h: $4.59M
Volatility (ann.): 98%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

SKYHY 1.1%Share of the two combined market caps98.9% CRCLB

Performance

SKYHYCRCLB

7 days+4.49%-7.34%SKYHY
30 days-17.89%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.07over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	SKYHY	CRCLB
Max drawdown (400d)	-26.7%	-31.5%
Risk-adjusted return (90d)	-0.08	0.25

Relative strength over 90 days: SKYHY outperformed CRCLB by 16.9% — measured on the SKYHY/CRCLB ratio, so it holds regardless of market direction.

SK Hynix • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →