Snap Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 711.6× the size of Snap Inc. • Robinhood Token (SNAP) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 37 shared trading days). SNAP has been the more volatile of the two, at 103% annualised against CRCLB's 82%.

Correlation: 0.01
Size ratio: 1 : 711.6

Snap Inc. • Robinhood TokenSNAP

$5.4900

24h: +0.85%
Market cap: $230,388
Volume 24h: $66,431
Volatility (ann.): 103%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3900

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

SNAP 0.1%Share of the two combined market caps99.9% CRCLB

Performance

SNAPCRCLB

7 days+2.63%-7.34%SNAP
30 days+0.74%-10.38%SNAP
90 days—+21.21%—

Correlation

0.01over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	SNAP	CRCLB
Max drawdown (400d)	-20.5%	-31.5%
Risk-adjusted return (90d)	-0.04	0.25

Relative strength over 90 days: SNAP outperformed CRCLB by 26.2% — measured on the SNAP/CRCLB ratio, so it holds regardless of market direction.

Snap Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →