SpaceX (Coinbase Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 67.3× the size of SpaceX (Coinbase Tokenized Stock) (SPCXC) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 35 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against SPCXC's 65%.

Correlation: 0.18
Size ratio: 1 : 67.3

SpaceX (Coinbase Tokenized Stock)SPCXC

$136.0900

24h: -0.92%
Market cap: $2.41M
Volume 24h: $8.86M
Volatility (ann.): 65%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4500

24h: +3.09%
Market cap: $161.92M
Volume 24h: $43.99M
Volatility (ann.): 82%

SPCXC 1.5%Share of the two combined market caps98.5% CRCLB

Performance

SPCXCCRCLB

7 days-6.52%-5.56%CRCLB
30 days-22.20%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.18over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	SPCXC	CRCLB
Max drawdown (400d)	-22.6%	-31.5%
Risk-adjusted return (90d)	-0.15	0.23

Relative strength over 90 days: CRCLB outperformed SPCXC by 0.8% — measured on the SPCXC/CRCLB ratio, so it holds regardless of market direction.

SpaceX (Coinbase Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →