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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 108.5× the size of Airbnb (Ondo Tokenized Stock) (ABNBON) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ABNBON's 33%.

Correlation: 0.09
Size ratio: 1 : 108.5

Airbnb (Ondo Tokenized Stock)ABNBON

$164.8900

24h: -3.60%
Market cap: $1.47M
Volume 24h: $157,331
Volatility (ann.): 33%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

ABNBON 0.9%Share of the two combined market caps99.1% CRCLB

Performance

ABNBONCRCLB

7 days-5.43%-7.34%ABNBON
30 days-16.34%-10.38%CRCLB
90 days+9.95%+21.21%CRCLB
1 year+29.24%——

Correlation

0.09over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 0.041y: 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	ABNBON	CRCLB
Max drawdown (400d)	-21.1%	-31.5%
Risk-adjusted return (90d)	0.25	0.25

Relative strength over 90 days: CRCLB outperformed ABNBON by 18.7% — measured on the ABNBON/CRCLB ratio, so it holds regardless of market direction.

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