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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 22154.2× the size of Analog Devices (Ondo Tokenized Stock) (ADION) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against ADION's 40%.

Correlation: 0.17
Size ratio: 1 : 22154.2

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 (Ondo Tokenized Stock)CRCLON

$65.9400

24h: -11.11%
Market cap: $77.68M
Volume 24h: $1.00M
Volatility (ann.): 97%

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

Performance

ADIONCRCLON

7 days+1.86%-5.63%ADION
30 days+8.29%-15.88%ADION
90 days-1.61%——

Correlation

0.17over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	ADION	CRCLON
Max drawdown (400d)	-21.2%	-30.7%
Risk-adjusted return (90d)	-0.05	0.06

Relative strength over 90 days: CRCLON outperformed ADION by 12.8% — measured on the ADION/CRCLON ratio, so it holds regardless of market direction.

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