Arm Holdings plc (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 66.1× the size of Arm Holdings plc (Ondo Tokenized Stock) (ARMON) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 36 shared trading days). ARMON has been the more volatile of the two, at 125% annualised against CRCLB's 82%.

Correlation: 0.45
Size ratio: 1 : 66.1

Arm Holdings plc (Ondo Tokenized Stock)ARMON

$199.2500

24h: -0.47%
Market cap: $2.40M
Volume 24h: $849,289
Volatility (ann.): 125%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.6400

24h: -1.14%
Market cap: $158.84M
Volume 24h: $29.40M
Volatility (ann.): 82%

ARMON 1.5%Share of the two combined market caps98.5% CRCLB

Performance

ARMONCRCLB

7 days-35.35%-7.34%CRCLB
30 days-19.14%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.45over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	ARMON	CRCLB
Max drawdown (400d)	-39.0%	-31.5%
Risk-adjusted return (90d)	-0.12	0.25

Relative strength over 90 days: CRCLB outperformed ARMON by 1.5% — measured on the ARMON/CRCLB ratio, so it holds regardless of market direction.

Arm Holdings plc (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →