Apple (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 11.6× the size of Apple (bStocks Tokenized Stock) (AAPLB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 56 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against AAPLB's 27%.

Correlation: -0.09
Size ratio: 1 : 11.6

Apple (bStocks Tokenized Stock)AAPLB

$340.4300

24h: +0.03%
Market cap: $7.48M
Volume 24h: $751,159
Volatility (ann.): 27%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

AAPLB 7.9%Share of the two combined market caps92.1% CRCLON

Performance

AAPLBCRCLON

7 days-4.84%-6.27%AAPLB
30 days-0.78%-16.67%AAPLB
90 days+5.80%——

Correlation

-0.09over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	AAPLB	CRCLON
Max drawdown (400d)	-11.4%	-30.7%
Risk-adjusted return (90d)	0.28	0.06

Relative strength over 90 days: AAPLB outperformed CRCLON by 0.8% — measured on the AAPLB/CRCLON ratio, so it holds regardless of market direction.

Apple (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →