TeraWulf Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 9393.8× the size of TeraWulf Inc. • Robinhood Token (WULF) by market capitalisation. Their daily returns move loosely together (correlation 0.52 across 33 shared trading days). WULF has been the more volatile of the two, at 108% annualised against CRCLB's 82%.

Correlation: 0.52
Size ratio: 1 : 9393.8

TeraWulf Inc. • Robinhood TokenWULF

$11.6400

24h: -1.74%
Market cap: $15,981
Volume 24h: $9,632
Volatility (ann.): 108%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.9000

24h: -10.54%
Market cap: $150.12M
Volume 24h: $39.67M
Volatility (ann.): 82%

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

Performance

WULFCRCLB

7 days-11.40%-5.56%CRCLB
30 days-22.89%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.52over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	WULF	CRCLB
Max drawdown (400d)	-28.6%	-31.5%
Risk-adjusted return (90d)	-0.18	0.23

Relative strength over 90 days: CRCLB outperformed WULF by 11.4% — measured on the WULF/CRCLB ratio, so it holds regardless of market direction.

TeraWulf Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →