Accenture xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 441.0× the size of Accenture xStock (ACNX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.31 across 37 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against ACNX's 69%.

Correlation: -0.31
Size ratio: 1 : 441.0

Accenture xStockACNX

$263.1600

24h: +3.37%
Market cap: $201,523
Volume 24h: $18,601
Volatility (ann.): 69%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5000

24h: +0.55%
Market cap: $88.88M
Volume 24h: $1.29M
Volatility (ann.): 97%

ACNX 0.2%Share of the two combined market caps99.8% CRCLON

Performance

ACNXCRCLON

7 days+43.21%-5.63%ACNX
30 days+34.00%-15.88%ACNX
90 days+85.30%——
1 year+6.35%——

Correlation

-0.31over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3690d: 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	ACNX	CRCLON
Max drawdown (400d)	-56.6%	-30.7%
Risk-adjusted return (90d)	0.90	0.06

Relative strength over 90 days: ACNX outperformed CRCLON by 44.6% — measured on the ACNX/CRCLON ratio, so it holds regardless of market direction.

Accenture xStock →Circle Internet Group (Ondo Tokenized Stock) →