Alphabet Class C (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1232.1× the size of Alphabet Class C (Ondo Tokenized Stock) (GOOGON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.26 across 24 shared trading days). CRCLB has been the more volatile of the two, at 84% annualised against GOOGON's 27%.

Correlation: -0.26
Size ratio: 1 : 1232.1

Alphabet Class C (Ondo Tokenized Stock)GOOGON

$328.4900

24h: —
Market cap: $123,052
Volume 24h: $1,069
Volatility (ann.): 27%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$85.5200

24h: -6.67%
Market cap: $151.61M
Volume 24h: $30.34M
Volatility (ann.): 84%

GOOGON 0.1%Share of the two combined market caps99.9% CRCLB

Performance

GOOGONCRCLB

7 days-5.62%+14.72%CRCLB
30 days-4.80%-6.11%GOOGON
90 days—+42.02%—

Correlation

-0.26over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	GOOGON	CRCLB
Max drawdown (400d)	-5.6%	-28.0%
Risk-adjusted return (90d)	-0.18	0.51

Relative strength over 90 days: GOOGON outperformed CRCLB by 1.1% — measured on the GOOGON/CRCLB ratio, so it holds regardless of market direction.

Alphabet Class C (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →