SoundHound AI, Inc • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 4178.7× the size of SoundHound AI, Inc • Robinhood Token (SOUN) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 24 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against SOUN's 56%.

Correlation: 0.07
Size ratio: 1 : 4178.7

SoundHound AI, Inc • Robinhood TokenSOUN

$4.2900

24h: —
Market cap: $33,826
Volume 24h: —
Volatility (ann.): 56%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.0600

24h: -10.98%
Market cap: $141.35M
Volume 24h: $35.58M
Volatility (ann.): 82%

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

Performance

SOUNCRCLB

7 days-6.96%-5.56%CRCLB
30 days—-9.22%—
90 days—+19.24%—

Correlation

0.07over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SOUN	CRCLB
Max drawdown (400d)	-29.8%	-31.5%
Risk-adjusted return (90d)	-0.53	0.23

Relative strength over 90 days: CRCLB outperformed SOUN by 19.5% — measured on the SOUN/CRCLB ratio, so it holds regardless of market direction.

SoundHound AI, Inc • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →