TSMC xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 30.4× the size of TSMC xStock (TSMX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 39 shared trading days). TSMX has been the more volatile of the two, at 314% annualised against CRCLB's 82%.

Correlation: -0.04
Size ratio: 1 : 30.4

TSMC xStockTSMX

$401.8200

24h: -0.39%
Market cap: $5.22M
Volume 24h: $3,979
Volatility (ann.): 314%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.7000

24h: +0.49%
Market cap: $158.63M
Volume 24h: $25.34M
Volatility (ann.): 82%

TSMX 3.2%Share of the two combined market caps96.8% CRCLB

Performance

TSMXCRCLB

7 days-0.85%-7.34%TSMX
30 days-46.85%-10.38%CRCLB
90 days—+21.21%—

Correlation

-0.04over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	TSMX	CRCLB
Max drawdown (400d)	-47.7%	-31.5%
Risk-adjusted return (90d)	-0.15	0.25

Relative strength over 90 days: CRCLB outperformed TSMX by 37.2% — measured on the TSMX/CRCLB ratio, so it holds regardless of market direction.

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