Applied Materials (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 310.3× the size of Applied Materials (Ondo Tokenized Stock) (AMATON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 56.0 percentage points (AMATON -34.8% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.10 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AMATON's 65%.

Correlation: 0.10
Size ratio: 1 : 310.3
Ahead over 90 days: CRCLB

Applied Materials (Ondo Tokenized Stock)AMATON

$370.7200

24h: -3.17%
Market cap: $511,250
Volume 24h: $820,680
Volatility (ann.): 65%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.7000

24h: +0.49%
Market cap: $158.63M
Volume 24h: $25.34M
Volatility (ann.): 82%

AMATON 0.3%Share of the two combined market caps99.7% CRCLB

Performance

AMATONCRCLB

7 days+1.10%-7.34%AMATON
30 days+2.36%-10.38%AMATON
90 days-34.81%+21.21%CRCLB

Correlation

0.10over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 0.201y: 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	AMATON	CRCLB
Max drawdown (400d)	-42.1%	-31.5%
Risk-adjusted return (90d)	-0.49	0.25

Relative strength over 90 days: CRCLB outperformed AMATON by 51.8% — measured on the AMATON/CRCLB ratio, so it holds regardless of market direction.

Applied Materials (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →