Analog Devices (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 41392.7× the size of Analog Devices (Ondo Tokenized Stock) (ADION) by market capitalisation. Over the past 90 days, CRCLB is ahead by 20.8 percentage points (ADION -1.6% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.17 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ADION's 40%.

Correlation: 0.17
Size ratio: 1 : 41392.7
Ahead over 90 days: CRCLB

Analog Devices (Ondo Tokenized Stock)ADION

$409.2500

24h: -3.25%
Market cap: $3,506
Volume 24h: $152,344
Volatility (ann.): 40%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$65.9200

24h: -10.18%
Market cap: $145.14M
Volume 24h: $34.28M
Volatility (ann.): 82%

ADION 0.0%Share of the two combined market caps100.0% CRCLB

Performance

ADIONCRCLB

7 days+1.86%-5.56%ADION
30 days+8.29%-9.22%ADION
90 days-1.61%+19.24%CRCLB

Correlation

0.17over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 0.291y: 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	ADION	CRCLB
Max drawdown (400d)	-21.2%	-31.5%
Risk-adjusted return (90d)	-0.05	0.23

Relative strength over 90 days: CRCLB outperformed ADION by 27.2% — measured on the ADION/CRCLB ratio, so it holds regardless of market direction.

Analog Devices (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →