Terawulf Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 14390.0× the size of Terawulf Tokenized Stock (Reality) (RWULF) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 25 shared trading days). Both have run at a similar volatility, around 82% annualised.

Correlation: 0.43
Size ratio: 1 : 14390.0

Terawulf Tokenized Stock (Reality)RWULF

$11.6400

24h: -2.63%
Market cap: $11,249
Volume 24h: $771
Volatility (ann.): 82%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.1200

24h: +3.02%
Market cap: $161.87M
Volume 24h: $43.92M
Volatility (ann.): 82%

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

Performance

RWULFCRCLB

7 days-18.02%-5.56%CRCLB
30 days-22.72%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.43over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	RWULF	CRCLB
Max drawdown (400d)	-34.3%	-31.5%
Risk-adjusted return (90d)	-0.28	0.23

Relative strength over 90 days: CRCLB outperformed RWULF by 23.4% — measured on the RWULF/CRCLB ratio, so it holds regardless of market direction.

Terawulf Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →