Alphabet (Coinbase Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 9.6× the size of Alphabet (Coinbase Tokenized Stock) (GOOGLC) by market capitalisation. Over the past 30 days, CRCLON is ahead by 0.7 percentage points (GOOGLC -17.4% against CRCLON -16.7%). Their daily returns move loosely together (correlation 0.40 across 32 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against GOOGLC's 42%.

Correlation: 0.40
Size ratio: 1 : 9.6
Ahead over 30 days: CRCLON

Alphabet (Coinbase Tokenized Stock)GOOGLC

$276.0900

24h: -1.58%
Market cap: $9.05M
Volume 24h: $9.27M
Volatility (ann.): 42%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

GOOGLC 9.4%Share of the two combined market caps90.6% CRCLON

Performance

GOOGLCCRCLON

7 days-13.06%-6.27%CRCLON
30 days-17.41%-16.67%CRCLON

Correlation

0.40over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	GOOGLC	CRCLON
Max drawdown (400d)	-21.4%	-30.7%
Risk-adjusted return (90d)	-0.46	0.06

Relative strength over 90 days: CRCLON outperformed GOOGLC by 5.1% — measured on the GOOGLC/CRCLON ratio, so it holds regardless of market direction.

Alphabet (Coinbase Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →