Arista Networks (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 304.4× the size of Arista Networks (Ondo Tokenized Stock) (ANETON) by market capitalisation. Over the past 90 days, ANETON is ahead by 0.2 percentage points (ANETON +19.4% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.06 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ANETON's 59%.

Correlation: 0.06
Size ratio: 1 : 304.4
Ahead over 90 days: ANETON

Arista Networks (Ondo Tokenized Stock)ANETON

$176.7600

24h: -2.43%
Market cap: $493,091
Volume 24h: $479,813
Volatility (ann.): 59%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.1200

24h: -10.54%
Market cap: $150.12M
Volume 24h: $39.67M
Volatility (ann.): 82%

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

Performance

ANETONCRCLB

7 days-0.90%-5.56%ANETON
30 days+4.35%-9.22%ANETON
90 days+19.44%+19.24%ANETON

Correlation

0.06over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 0.141y: 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	ANETON	CRCLB
Max drawdown (400d)	-23.2%	-31.5%
Risk-adjusted return (90d)	0.32	0.23

Relative strength over 90 days: CRCLB outperformed ANETON by 11.7% — measured on the ANETON/CRCLB ratio, so it holds regardless of market direction.

Arista Networks (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →