American Airlines Group (Ondo Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 5481.7× the size of American Airlines Group (Ondo Tokenized Stock) (AALON) by market capitalisation. Their daily returns move barely together (correlation 0.25 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against AALON's 54%.

Correlation: 0.25
Size ratio: 1 : 5481.7

American Airlines Group (Ondo Tokenized Stock)AALON

$13.6800

24h: +6.51%
Market cap: $14,538
Volume 24h: $158,782
Volatility (ann.): 54%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$67.5400

24h: -12.28%
Market cap: $79.69M
Volume 24h: $1.23M
Volatility (ann.): 97%

AALON 0.0%Share of the two combined market caps100.0% CRCLON

Performance

AALONCRCLON

7 days+0.51%-5.63%AALON
30 days+0.00%-15.88%AALON
90 days-24.59%——

Correlation

0.25over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	AALON	CRCLON
Max drawdown (400d)	-35.2%	-30.7%
Risk-adjusted return (90d)	-0.58	0.06

Relative strength over 90 days: CRCLON outperformed AALON by 18.4% — measured on the AALON/CRCLON ratio, so it holds regardless of market direction.

American Airlines Group (Ondo Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →