Take-Two Interactive Software (Backpack Securities) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 52.2× the size of Take-Two Interactive Software (Backpack Securities) (TTWO) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 38 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against TTWO's 31%.

Correlation: 0.23
Size ratio: 1 : 52.2

Take-Two Interactive Software (Backpack Securities)TTWO

$193.8700

24h: +0.36%
Market cap: $3.16M
Volume 24h: $9.96M
Volatility (ann.): 31%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.2600

24h: +0.09%
Market cap: $164.99M
Volume 24h: $40.77M
Volatility (ann.): 82%

TTWO 1.9%Share of the two combined market caps98.1% CRCLB

Performance

TTWOCRCLB

7 days-6.17%-7.34%TTWO
30 days-8.28%-10.38%TTWO
90 days—+21.21%—

Correlation

0.23over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	TTWO	CRCLB
Max drawdown (400d)	-13.5%	-31.5%
Risk-adjusted return (90d)	-0.31	0.25

Relative strength over 90 days: TTWO outperformed CRCLB by 7.1% — measured on the TTWO/CRCLB ratio, so it holds regardless of market direction.

Take-Two Interactive Software (Backpack Securities) →Circle Internet Group (bStocks Tokenized Stock) →