TSMC (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 40.5× the size of TSMC (bStocks Tokenized Stock) (TSMB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 22.8 percentage points (TSMB -1.6% against CRCLB +21.2%). Their daily returns move loosely together (correlation 0.41 across 112 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against TSMB's 38%.

Correlation: 0.41
Size ratio: 1 : 40.5
Ahead over 90 days: CRCLB

TSMC (bStocks Tokenized Stock)TSMB

$400.2800

24h: -0.22%
Market cap: $3.94M
Volume 24h: $106,762
Volatility (ann.): 38%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

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

TSMB 2.4%Share of the two combined market caps97.6% CRCLB

Performance

TSMBCRCLB

7 days-7.07%-7.34%TSMB
30 days-14.71%-10.38%CRCLB
90 days-1.60%+21.21%CRCLB

Correlation

0.41over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 0.361y: 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	TSMB	CRCLB
Max drawdown (400d)	-17.5%	-31.5%
Risk-adjusted return (90d)	-0.05	0.25

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

TSMC (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →