Tesla • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 35.4× the size of Tesla • Robinhood Token (TSLA) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 38 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against TSLA's 50%.

Correlation: 0.29
Size ratio: 1 : 35.4

Tesla • Robinhood TokenTSLA

$386.7700

24h: -4.33%
Market cap: $4.51M
Volume 24h: $3.07M
Volatility (ann.): 50%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

TSLA 2.7%Share of the two combined market caps97.3% CRCLB

Performance

TSLACRCLB

7 days+9.95%-7.34%TSLA
30 days+13.58%-10.38%TSLA
90 days—+21.21%—

Correlation

0.29over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	TSLA	CRCLB
Max drawdown (400d)	-6.4%	-31.5%
Risk-adjusted return (90d)	0.32	0.25

Relative strength over 90 days: TSLA outperformed CRCLB by 41.2% — measured on the TSLA/CRCLB ratio, so it holds regardless of market direction.

Tesla • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →