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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 94.0× the size of American Express (Ondo Tokenized Stock) (AXPON) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against AXPON's 25%.

Correlation: 0.24
Size ratio: 1 : 94.0

American Express (Ondo Tokenized Stock)AXPON

$328.4400

24h: -0.86%
Market cap: $924,403
Volume 24h: $140,655
Volatility (ann.): 25%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

AXPON 1.1%Share of the two combined market caps98.9% CRCLON

Performance

AXPONCRCLON

7 days-1.61%-6.27%AXPON
30 days-7.20%-16.67%AXPON
90 days-8.70%——

Correlation

0.24over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	AXPON	CRCLON
Max drawdown (400d)	-15.9%	-30.7%
Risk-adjusted return (90d)	-0.33	0.06

Relative strength over 90 days: CRCLON outperformed AXPON by 23.1% — measured on the AXPON/CRCLON ratio, so it holds regardless of market direction.

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