USA Rare Earth • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 524.6× the size of USA Rare Earth • Robinhood Token (USAR) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 37 shared trading days). USAR has been the more volatile of the two, at 109% annualised against CRCLB's 82%.

Correlation: 0.18
Size ratio: 1 : 524.6

USA Rare Earth • Robinhood TokenUSAR

$8.6000

24h: -3.26%
Market cap: $316,136
Volume 24h: $48,288
Volatility (ann.): 109%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.4100

24h: +2.54%
Market cap: $165.85M
Volume 24h: $40.18M
Volatility (ann.): 82%

USAR 0.2%Share of the two combined market caps99.8% CRCLB

Performance

USARCRCLB

7 days-41.42%-5.56%CRCLB
30 days-53.46%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.18over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	USAR	CRCLB
Max drawdown (400d)	-53.7%	-31.5%
Risk-adjusted return (90d)	-0.48	0.23

Relative strength over 90 days: CRCLB outperformed USAR by 44.2% — measured on the USAR/CRCLB ratio, so it holds regardless of market direction.

USA Rare Earth • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →