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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 59.0× the size of Airbnb (Ondo Tokenized Stock) (ABNBON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against ABNBON's 33%.

Correlation: -0.07
Size ratio: 1 : 59.0

Airbnb (Ondo Tokenized Stock)ABNBON

$164.8900

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

ABNBON 1.7%Share of the two combined market caps98.3% CRCLON

Performance

ABNBONCRCLON

7 days-5.43%-6.27%ABNBON
30 days-16.34%-16.67%ABNBON
90 days+9.95%——
1 year+29.24%——

Correlation

-0.07over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	ABNBON	CRCLON
Max drawdown (400d)	-21.1%	-30.7%
Risk-adjusted return (90d)	0.25	0.06

Relative strength over 90 days: CRCLON outperformed ABNBON by 28.0% — measured on the ABNBON/CRCLON ratio, so it holds regardless of market direction.

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