Taiwan Semiconductor Manufacturing (Dinari Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 5666.9× the size of Taiwan Semiconductor Manufacturing (Dinari Tokenized Stock) (TSM) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 26 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against TSM's 29%.

Correlation: 0.07
Size ratio: 1 : 5666.9

Taiwan Semiconductor Manufacturing (Dinari Tokenized Stock)TSM

$391.6900

24h: -1.97%
Market cap: $26,583
Volume 24h: $95
Volatility (ann.): 29%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.3300

24h: -10.57%
Market cap: $150.64M
Volume 24h: $41.90M
Volatility (ann.): 82%

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

Performance

TSMCRCLB

7 days+4.99%-5.56%TSM
30 days+13.42%-9.22%TSM
90 days—+19.24%—

Correlation

0.07over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	TSM	CRCLB
Max drawdown (400d)	-5.6%	-31.5%
Risk-adjusted return (90d)	0.46	0.23

Relative strength over 90 days: TSM outperformed CRCLB by 41.0% — measured on the TSM/CRCLB ratio, so it holds regardless of market direction.

Taiwan Semiconductor Manufacturing (Dinari Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →