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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 12.4× the size of SpaceX • Robinhood Token (SPCX) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 38 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against SPCX's 42%.

Correlation: 0.44
Size ratio: 1 : 12.4

SpaceX • Robinhood TokenSPCX

$136.2000

24h: -0.92%
Market cap: $12.84M
Volume 24h: $23.27M
Volatility (ann.): 42%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

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

SPCX 7.4%Share of the two combined market caps92.6% CRCLB

Performance

SPCXCRCLB

7 days-7.61%-7.34%CRCLB
30 days-8.32%-10.38%SPCX
90 days—+21.21%—

Correlation

0.44over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	SPCX	CRCLB
Max drawdown (400d)	-11.3%	-31.5%
Risk-adjusted return (90d)	-0.05	0.25

Relative strength over 90 days: SPCX outperformed CRCLB by 19.3% — measured on the SPCX/CRCLB ratio, so it holds regardless of market direction.

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