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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1.1× the size of Strategy PP Variable xStock (STRCX) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 58 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against STRCX's 51%.

Correlation: 0.13
Size ratio: 1 : 1.1

Strategy PP Variable xStockSTRCX

$109.7500

24h: +0.05%
Market cap: $142.24M
Volume 24h: $498,321
Volatility (ann.): 51%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.1300

24h: +0.69%
Market cap: $160.82M
Volume 24h: $42.23M
Volatility (ann.): 82%

STRCX 46.9%Share of the two combined market caps53.1% CRCLB

Performance

STRCXCRCLB

7 days+0.05%-5.56%STRCX
30 days+3.64%-9.22%STRCX
90 days—+19.24%—

Correlation

0.13over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	STRCX	CRCLB
Max drawdown (400d)	-7.5%	-31.5%
Risk-adjusted return (90d)	0.16	0.23

Relative strength over 90 days: STRCX outperformed CRCLB by 6.7% — measured on the STRCX/CRCLB ratio, so it holds regardless of market direction.

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