Adobe (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 195.0× the size of Adobe (Ondo Tokenized Stock) (ADBEON) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ADBEON's 44%.

Correlation: 0.13
Size ratio: 1 : 195.0

Adobe (Ondo Tokenized Stock)ADBEON

$243.3100

24h: -3.39%
Market cap: $856,084
Volume 24h: $763,994
Volatility (ann.): 44%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.6000

24h: +3.53%
Market cap: $166.96M
Volume 24h: $35.40M
Volatility (ann.): 82%

ADBEON 0.5%Share of the two combined market caps99.5% CRCLB

Performance

ADBEONCRCLB

7 days-5.13%-7.34%ADBEON
30 days-18.72%-10.38%CRCLB
90 days+14.97%+21.21%CRCLB
1 year-31.34%——

Correlation

0.13over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 0.121y: 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	ADBEON	CRCLB
Max drawdown (400d)	-46.7%	-31.5%
Risk-adjusted return (90d)	0.30	0.25

Relative strength over 90 days: CRCLB outperformed ADBEON by 15.0% — measured on the ADBEON/CRCLB ratio, so it holds regardless of market direction.

Adobe (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →