UnitedHealth xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 272.3× the size of UnitedHealth xStock (UNHX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against UNHX's 55%.

Correlation: -0.04
Size ratio: 1 : 272.3

UnitedHealth xStockUNHX

$405.0500

24h: +1.99%
Market cap: $603,995
Volume 24h: $56,172
Volatility (ann.): 55%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.1100

24h: +4.82%
Market cap: $164.46M
Volume 24h: $23.50M
Volatility (ann.): 82%

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

Performance

UNHXCRCLB

7 days+0.97%-7.34%UNHX
30 days-5.13%-10.38%UNHX
90 days-12.31%+21.21%CRCLB
1 year+9.98%——

Correlation

-0.04over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: -0.151y: 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	UNHX	CRCLB
Max drawdown (400d)	-29.2%	-31.5%
Risk-adjusted return (90d)	-0.42	0.25

Relative strength over 90 days: CRCLB outperformed UNHX by 34.8% — measured on the UNHX/CRCLB ratio, so it holds regardless of market direction.

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