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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 79.7× the size of Western Digital (bStocks Tokenized Stock) (WDCB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 45.3 percentage points (WDCB -24.1% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.26 across 120 shared trading days). Both have run at a similar volatility, around 87% annualised.

Correlation: 0.26
Size ratio: 1 : 79.7
Ahead over 90 days: CRCLB

Western Digital (bStocks Tokenized Stock)WDCB

$347.2500

24h: +0.01%
Market cap: $2.05M
Volume 24h: $256,345
Volatility (ann.): 93%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3900

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

WDCB 1.2%Share of the two combined market caps98.8% CRCLB

Performance

WDCBCRCLB

7 days-7.59%-7.34%CRCLB
30 days-17.00%-10.38%CRCLB
90 days-24.05%+21.21%CRCLB

Correlation

0.26over 120 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 0.201y: 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	WDCB	CRCLB
Max drawdown (400d)	-46.0%	-31.5%
Risk-adjusted return (90d)	-0.34	0.25

Relative strength over 90 days: CRCLB outperformed WDCB by 37.3% — measured on the WDCB/CRCLB ratio, so it holds regardless of market direction.

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