Snowflake Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 3445.7× the size of Snowflake Tokenized Stock (Reality) (RSNOW) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RSNOW's 39%.

Correlation: 0.19
Size ratio: 1 : 3445.7

Snowflake Tokenized Stock (Reality)RSNOW

$286.5900

24h: -0.11%
Market cap: $42,804
Volume 24h: $12,786
Volatility (ann.): 39%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.0100

24h: -9.75%
Market cap: $147.49M
Volume 24h: $34.87M
Volatility (ann.): 82%

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

Performance

RSNOWCRCLB

7 days+8.12%-5.56%RSNOW
30 days+14.22%-9.22%RSNOW
90 days—+19.24%—

Correlation

0.19over 25 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	RSNOW	CRCLB
Max drawdown (400d)	-3.4%	-31.5%
Risk-adjusted return (90d)	0.37	0.23

Relative strength over 90 days: RSNOW outperformed CRCLB by 12.7% — measured on the RSNOW/CRCLB ratio, so it holds regardless of market direction.

Snowflake Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →