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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 31.5× the size of Amazon (Coinbase Tokenized Stock) (AMZNC) by market capitalisation. Over the past 30 days, AMZNC is ahead by 21.1 percentage points (AMZNC +5.2% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.10 across 22 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against AMZNC's 49%.

Correlation: 0.10
Size ratio: 1 : 31.5
Ahead over 30 days: AMZNC

Amazon (Coinbase Tokenized Stock)AMZNC

$246.7300

24h: +0.27%
Market cap: $2.84M
Volume 24h: $8.72M
Volatility (ann.): 49%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.9900

24h: +1.13%
Market cap: $89.46M
Volume 24h: $1.65M
Volatility (ann.): 97%

AMZNC 3.1%Share of the two combined market caps96.9% CRCLON

Performance

AMZNCCRCLON

7 days+4.65%-5.63%AMZNC
30 days+5.20%-15.88%AMZNC

Correlation

0.10over 22 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	AMZNC	CRCLON
Max drawdown (400d)	-12.4%	-30.7%
Risk-adjusted return (90d)	0.14	0.06

Relative strength over 90 days: AMZNC outperformed CRCLON by 5.3% — measured on the AMZNC/CRCLON ratio, so it holds regardless of market direction.

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