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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 47872.2× the size of Zscaler • Robinhood Token (ZS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 27 shared trading days). ZS has been the more volatile of the two, at 272% annualised against CRCLB's 82%.

Correlation: -0.01
Size ratio: 1 : 47872.2

Zscaler • Robinhood TokenZS

$223.8100

24h: +0.44%
Market cap: $3,136
Volume 24h: $23
Volatility (ann.): 272%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.9000

24h: -10.54%
Market cap: $150.12M
Volume 24h: $39.67M
Volatility (ann.): 82%

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

Performance

ZSCRCLB

7 days-10.01%-5.56%CRCLB
30 days+10.34%-9.22%ZS
90 days—+19.24%—

Correlation

-0.01over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	ZS	CRCLB
Max drawdown (400d)	-37.6%	-31.5%
Risk-adjusted return (90d)	0.04	0.23

Relative strength over 90 days: ZS outperformed CRCLB by 19.7% — measured on the ZS/CRCLB ratio, so it holds regardless of market direction.

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