Uber xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 225.1× the size of Uber xStock (UBERX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 33 shared trading days). UBERX has been the more volatile of the two, at 826% annualised against CRCLB's 82%.

Correlation: -0.13
Size ratio: 1 : 225.1

Uber xStockUBERX

$66.5200

24h: +1.15%
Market cap: $704,868
Volume 24h: $546
Volatility (ann.): 826%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.7000

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

UBERX 0.4%Share of the two combined market caps99.6% CRCLB

Performance

UBERXCRCLB

7 days-8.17%-7.34%CRCLB
30 days-15.11%-10.38%CRCLB
90 days—+21.21%—

Correlation

-0.13over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	UBERX	CRCLB
Max drawdown (400d)	-66.4%	-31.5%
Risk-adjusted return (90d)	-0.02	0.25

Relative strength over 90 days: UBERX outperformed CRCLB by 7.0% — measured on the UBERX/CRCLB ratio, so it holds regardless of market direction.

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