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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 71.8× the size of Taiwan Semiconductor Manufacturing Tokenized Stock (Reality) (RTSM) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RTSM's 29%.

Correlation: 0.23
Size ratio: 1 : 71.8

Taiwan Semiconductor Manufacturing Tokenized Stock (Reality)RTSM

$391.1100

24h: -1.87%
Market cap: $2.23M
Volume 24h: $157,188
Volatility (ann.): 29%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2800

24h: +0.21%
Market cap: $160.38M
Volume 24h: $41.80M
Volatility (ann.): 82%

RTSM 1.4%Share of the two combined market caps98.6% CRCLB

Performance

RTSMCRCLB

7 days-3.10%-5.56%RTSM
30 days+10.89%-9.22%RTSM
90 days—+19.24%—

Correlation

0.23over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	RTSM	CRCLB
Max drawdown (400d)	-5.8%	-31.5%
Risk-adjusted return (90d)	0.38	0.23

Relative strength over 90 days: RTSM outperformed CRCLB by 10.9% — measured on the RTSM/CRCLB ratio, so it holds regardless of market direction.

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