ASML Holding NV (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 51.8× the size of ASML Holding NV (Ondo Tokenized Stock) (ASMLON) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ASMLON's 51%.

Correlation: 0.07
Size ratio: 1 : 51.8

ASML Holding NV (Ondo Tokenized Stock)ASMLON

$1,529.49

24h: -0.82%
Market cap: $3.09M
Volume 24h: $1.45M
Volatility (ann.): 51%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.3300

24h: +1.39%
Market cap: $159.79M
Volume 24h: $29.30M
Volatility (ann.): 82%

ASMLON 1.9%Share of the two combined market caps98.1% CRCLB

Performance

ASMLONCRCLB

7 days+0.14%-7.34%ASMLON
30 days+0.82%-10.38%ASMLON
90 days-13.96%+21.21%CRCLB
1 year+72.78%——

Correlation

0.07over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 0.161y: 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	ASMLON	CRCLB
Max drawdown (400d)	-23.9%	-31.5%
Risk-adjusted return (90d)	-0.24	0.25

Relative strength over 90 days: CRCLB outperformed ASMLON by 36.4% — measured on the ASMLON/CRCLB ratio, so it holds regardless of market direction.

ASML Holding NV (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →