Xanadu Quantum • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 95496.3× the size of Xanadu Quantum • Robinhood Token (XNDU) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.30 across 26 shared trading days). XNDU has been the more volatile of the two, at 78431% annualised against CRCLB's 82%.

Correlation: -0.30
Size ratio: 1 : 95496.3

Xanadu Quantum • Robinhood TokenXNDU

$2.7400

24h: —
Market cap: $1,544
Volume 24h: —
Volatility (ann.): 78431%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.8600

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

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

Performance

XNDUCRCLB

7 days+2.62%-5.56%XNDU
30 days-42.80%-9.22%CRCLB
90 days—+19.24%—

Correlation

-0.30over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	XNDU	CRCLB
Max drawdown (400d)	-99.3%	-31.5%
Risk-adjusted return (90d)	0.00	0.23

Relative strength over 90 days: CRCLB outperformed XNDU by 37.2% — measured on the XNDU/CRCLB ratio, so it holds regardless of market direction.

Xanadu Quantum • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →