Waterdrop Inc aStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 2692.6× the size of Waterdrop Inc aStock (AWDH) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 26 shared trading days). AWDH has been the more volatile of the two, at 131% annualised against CRCLB's 83%.

Correlation: -0.02
Size ratio: 1 : 2692.6

Waterdrop Inc aStockAWDH

$1.0350

24h: —
Market cap: $59,121
Volume 24h: $2
Volatility (ann.): 131%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$80.1700

24h: -0.04%
Market cap: $159.19M
Volume 24h: $19.20M
Volatility (ann.): 83%

AWDH 0.0%Share of the two combined market caps100.0% CRCLB

Performance

AWDHCRCLB

7 days+0.00%-6.07%AWDH
30 days+0.00%-8.86%AWDH
90 days—+30.90%—

Correlation

-0.02over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	AWDH	CRCLB
Max drawdown (400d)	-21.3%	-28.0%
Risk-adjusted return (90d)	0.00	0.37

Relative strength over 90 days: CRCLB outperformed AWDH by 1.6% — measured on the AWDH/CRCLB ratio, so it holds regardless of market direction.

Waterdrop Inc aStock →Circle Internet Group (bStocks Tokenized Stock) →