Archer Aviation (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 7369.4× the size of Archer Aviation (Ondo Tokenized Stock) (ACHRON) by market capitalisation. Over the past 90 days, ACHRON is ahead by 17.2 percentage points (ACHRON +18.9% against CRCLB +1.7%). Their daily returns move loosely together (correlation 0.38 across 110 shared trading days). Both have run at a similar volatility, around 78% annualised.

Correlation: 0.38
Size ratio: 1 : 7369.4
Ahead over 90 days: ACHRON

Archer Aviation (Ondo Tokenized Stock)ACHRON

$3.8400

24h: -7.25%
Market cap: $20,482
Volume 24h: $142,428
Volatility (ann.): 73%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.0900

24h: -9.37%
Market cap: $150.94M
Volume 24h: $44.40M
Volatility (ann.): 83%

ACHRON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

ACHRONCRCLB

7 days+2.47%-10.02%ACHRON
30 days-2.10%-18.89%ACHRON
90 days+18.91%+1.70%ACHRON

Correlation

0.38over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 0.401y: 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	ACHRON	CRCLB
Max drawdown (400d)	-34.8%	-35.4%
Risk-adjusted return (90d)	0.23	0.02

Relative strength over 90 days: CRCLB outperformed ACHRON by 12.1% — measured on the ACHRON/CRCLB ratio, so it holds regardless of market direction.

Archer Aviation (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →