Western Digital aStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 442715.2× the size of Western Digital aStock (AWDC) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 31 shared trading days). Both have run at a similar volatility, around 77% annualised.

Correlation: 0.09
Size ratio: 1 : 442715.2

Western Digital aStockAWDC

$339.9300

24h: -0.80%
Market cap: $366
Volume 24h: —
Volatility (ann.): 73%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4500

24h: +3.09%
Market cap: $161.92M
Volume 24h: $43.99M
Volatility (ann.): 82%

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

Performance

AWDCCRCLB

7 days-2.19%-5.56%AWDC
30 days-21.62%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.09over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	AWDC	CRCLB
Max drawdown (400d)	-28.8%	-31.5%
Risk-adjusted return (90d)	-0.30	0.23

Relative strength over 90 days: CRCLB outperformed AWDC by 14.0% — measured on the AWDC/CRCLB ratio, so it holds regardless of market direction.

Western Digital aStock →Circle Internet Group (bStocks Tokenized Stock) →