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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 10.6× the size of Amazon (Ondo Tokenized Stock) (AMZNON) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against AMZNON's 37%.

Correlation: 0.09
Size ratio: 1 : 10.6

Amazon (Ondo Tokenized Stock)AMZNON

$246.6800

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.2400

24h: +0.61%
Market cap: $86.22M
Volume 24h: $993,994
Volatility (ann.): 98%

AMZNON 8.6%Share of the two combined market caps91.4% CRCLON

Performance

AMZNONCRCLON

7 days-2.61%-6.27%AMZNON
30 days-6.29%-16.67%AMZNON
90 days+2.57%——
1 year+12.46%——

Correlation

0.09over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	AMZNON	CRCLON
Max drawdown (400d)	-22.0%	-30.7%
Risk-adjusted return (90d)	0.07	0.06

Relative strength over 90 days: CRCLON outperformed AMZNON by 19.8% — measured on the AMZNON/CRCLON ratio, so it holds regardless of market direction.

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