Tesla (Coinbase Tokenized Stocks) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 75.5× the size of Tesla (Coinbase Tokenized Stocks) (TSLAC) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 32 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against TSLAC's 40%.

Correlation: -0.06
Size ratio: 1 : 75.5

Tesla (Coinbase Tokenized Stocks)TSLAC

$386.9400

24h: -4.29%
Market cap: $2.13M
Volume 24h: $7.76M
Volatility (ann.): 40%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.8800

24h: +1.89%
Market cap: $160.82M
Volume 24h: $43.73M
Volatility (ann.): 82%

TSLAC 1.3%Share of the two combined market caps98.7% CRCLB

Performance

TSLACCRCLB

7 days-3.20%-5.56%TSLAC
30 days+4.54%-9.22%TSLAC
90 days—+19.24%—

Correlation

-0.06over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	TSLAC	CRCLB
Max drawdown (400d)	-9.3%	-31.5%
Risk-adjusted return (90d)	0.21	0.23

Relative strength over 90 days: TSLAC outperformed CRCLB by 18.8% — measured on the TSLAC/CRCLB ratio, so it holds regardless of market direction.

Tesla (Coinbase Tokenized Stocks) →Circle Internet Group (bStocks Tokenized Stock) →