Western Digital Corporation • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1632.3× the size of Western Digital Corporation • Robinhood Token (WDC) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 33 shared trading days). Both have run at a similar volatility, around 80% annualised.

Correlation: 0.08
Size ratio: 1 : 1632.3

Western Digital Corporation • Robinhood TokenWDC

$312.0700

24h: -9.32%
Market cap: $90,357
Volume 24h: $14,292
Volatility (ann.): 78%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.3500

24h: -9.75%
Market cap: $147.49M
Volume 24h: $34.87M
Volatility (ann.): 82%

WDC 0.1%Share of the two combined market caps99.9% CRCLB

Performance

WDCCRCLB

7 days-16.74%-5.56%CRCLB
30 days-27.65%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.08over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	WDC	CRCLB
Max drawdown (400d)	-30.7%	-31.5%
Risk-adjusted return (90d)	-0.37	0.23

Relative strength over 90 days: CRCLB outperformed WDC by 23.1% — measured on the WDC/CRCLB ratio, so it holds regardless of market direction.

Western Digital Corporation • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →