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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 20.1× the size of Amazon (Ondo Tokenized Stock) (AMZNON) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AMZNON's 37%.

Correlation: 0.19
Size ratio: 1 : 20.1

Amazon (Ondo Tokenized Stock)AMZNON

$246.6800

24h: +0.18%
Market cap: $8.16M
Volume 24h: $1.02M
Volatility (ann.): 37%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3900

24h: +5.17%
Market cap: $163.95M
Volume 24h: $23.61M
Volatility (ann.): 82%

AMZNON 4.7%Share of the two combined market caps95.3% CRCLB

Performance

AMZNONCRCLB

7 days-2.61%-7.34%AMZNON
30 days-6.29%-10.38%AMZNON
90 days+2.57%+21.21%CRCLB
1 year+12.46%——

Correlation

0.19over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 0.161y: 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	AMZNON	CRCLB
Max drawdown (400d)	-22.0%	-31.5%
Risk-adjusted return (90d)	0.07	0.25

Relative strength over 90 days: CRCLB outperformed AMZNON by 23.7% — measured on the AMZNON/CRCLB ratio, so it holds regardless of market direction.

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