Strategy PP Variable Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 29.6× the size of Strategy PP Variable Tokenized Stock (Reality) (RSTRC) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RSTRC's 7%.

Correlation: 0.24
Size ratio: 1 : 29.6

Strategy PP Variable Tokenized Stock (Reality)RSTRC

$99.7400

24h: +0.49%
Market cap: $5.64M
Volume 24h: $4,658
Volatility (ann.): 7%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.4600

24h: +1.34%
Market cap: $167.11M
Volume 24h: $43.07M
Volatility (ann.): 82%

RSTRC 3.3%Share of the two combined market caps96.7% CRCLB

Performance

RSTRCCRCLB

7 days-0.04%-7.34%RSTRC
30 days+2.37%-10.38%RSTRC
90 days—+21.21%—

Correlation

0.24over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	RSTRC	CRCLB
Max drawdown (400d)	-0.8%	-31.5%
Risk-adjusted return (90d)	0.36	0.25

Relative strength over 90 days: RSTRC outperformed CRCLB by 2.4% — measured on the RSTRC/CRCLB ratio, so it holds regardless of market direction.

Strategy PP Variable Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →