Wendy's aStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 11693.5× the size of Wendy's aStock (AWEN) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AWEN's 38%.

Correlation: 0.12
Size ratio: 1 : 11693.5

Wendy's aStockAWEN

$7.5000

24h: +7.76%
Market cap: $12,412
Volume 24h: —
Volatility (ann.): 38%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$65.9200

24h: -10.18%
Market cap: $145.14M
Volume 24h: $34.28M
Volatility (ann.): 82%

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

Performance

AWENCRCLB

7 days-5.63%-5.56%CRCLB
30 days-5.78%-9.22%AWEN
90 days—+19.24%—

Correlation

0.12over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	AWEN	CRCLB
Max drawdown (400d)	-8.6%	-31.5%
Risk-adjusted return (90d)	-0.15	0.23

Relative strength over 90 days: AWEN outperformed CRCLB by 3.4% — measured on the AWEN/CRCLB ratio, so it holds regardless of market direction.

Wendy's aStock →Circle Internet Group (bStocks Tokenized Stock) →