AppLovin (Ondo Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 216.8× the size of AppLovin (Ondo Tokenized Stock) (APPON) by market capitalisation. Over the past 30 days, CRCLON is ahead by 9.5 percentage points (APPON -26.2% against CRCLON -16.7%). Their daily returns move loosely in opposite directions (correlation -0.49 across 20 shared trading days). APPON has been the more volatile of the two, at 302% annualised against CRCLON's 98%.

Correlation: -0.49
Size ratio: 1 : 216.8
Ahead over 30 days: CRCLON

AppLovin (Ondo Tokenized Stock)APPON

$239.4200

24h: +4.06%
Market cap: $400,519
Volume 24h: $104
Volatility (ann.): 302%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

APPON 0.5%Share of the two combined market caps99.5% CRCLON

Performance

APPONCRCLON

7 days-26.21%-6.27%CRCLON
30 days-26.16%-16.67%CRCLON

Correlation

-0.49over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	APPON	CRCLON
Max drawdown (400d)	-51.9%	-30.7%
Risk-adjusted return (90d)	-0.09	0.06

Relative strength over 90 days: CRCLON outperformed APPON by 12.9% — measured on the APPON/CRCLON ratio, so it holds regardless of market direction.

AppLovin (Ondo Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →