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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 333.1× the size of Western Digital Tokenized Stock (Reality) (RWDC) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RWDC's 67%.

Correlation: 0.28
Size ratio: 1 : 333.1

Western Digital Tokenized Stock (Reality)RWDC

$314.4700

24h: -7.13%
Market cap: $430,420
Volume 24h: $56,352
Volatility (ann.): 67%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.7400

24h: -12.45%
Market cap: $143.35M
Volume 24h: $40.23M
Volatility (ann.): 82%

RWDC 0.3%Share of the two combined market caps99.7% CRCLB

Performance

RWDCCRCLB

7 days-5.06%-5.56%RWDC
30 days-4.49%-9.22%RWDC
90 days—+19.24%—

Correlation

0.28over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	RWDC	CRCLB
Max drawdown (400d)	-17.0%	-31.5%
Risk-adjusted return (90d)	-0.07	0.23

Relative strength over 90 days: CRCLB outperformed RWDC by 4.5% — measured on the RWDC/CRCLB ratio, so it holds regardless of market direction.

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