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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 775.1× the size of Applied Optoelectronics (Ondo Tokenized) (AAOION) by market capitalisation. Over the past 90 days, CRCLB is ahead by 51.9 percentage points (AAOION -32.7% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.20 across 103 shared trading days). AAOION has been the more volatile of the two, at 130% annualised against CRCLB's 82%.

Correlation: 0.20
Size ratio: 1 : 775.1
Ahead over 90 days: CRCLB

Applied Optoelectronics (Ondo Tokenized)AAOION

$58.9000

24h: -5.99%
Market cap: $206,738
Volume 24h: $549,354
Volatility (ann.): 130%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2500

24h: +0.56%
Market cap: $160.24M
Volume 24h: $41.83M
Volatility (ann.): 82%

AAOION 0.1%Share of the two combined market caps99.9% CRCLB

Performance

AAOIONCRCLB

7 days-10.88%-5.56%CRCLB
30 days-6.83%-9.22%AAOION
90 days-32.68%+19.24%CRCLB

Correlation

0.20over 103 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 0.191y: 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	AAOION	CRCLB
Max drawdown (400d)	-54.6%	-31.5%
Risk-adjusted return (90d)	-0.25	0.23

Relative strength over 90 days: CRCLB outperformed AAOION by 50.2% — measured on the AAOION/CRCLB ratio, so it holds regardless of market direction.

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