Strategy aStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 163767.6× the size of Strategy aStock (AMSTR) by market capitalisation. Their daily returns move closely together (correlation 0.75 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AMSTR's 68%.

Correlation: 0.75
Size ratio: 1 : 163767.6

Strategy aStockAMSTR

$133.0600

24h: +1.10%
Market cap: $989
Volume 24h: —
Volatility (ann.): 68%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4500

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

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

Performance

AMSTRCRCLB

7 days-1.90%-5.56%AMSTR
30 days-11.92%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.75over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7590d: 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	AMSTR	CRCLB
Max drawdown (400d)	-18.0%	-31.5%
Risk-adjusted return (90d)	-0.18	0.23

Relative strength over 90 days: CRCLB outperformed AMSTR by 3.4% — measured on the AMSTR/CRCLB ratio, so it holds regardless of market direction.

Strategy aStock →Circle Internet Group (bStocks Tokenized Stock) →