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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 28.2× the size of ASML Holding NV (Ondo Tokenized Stock) (ASMLON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.14 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against ASMLON's 51%.

Correlation: -0.14
Size ratio: 1 : 28.2

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 (Ondo Tokenized Stock)CRCLON

$73.9900

24h: +1.19%
Market cap: $87.11M
Volume 24h: $1.01M
Volatility (ann.): 98%

ASMLON 3.4%Share of the two combined market caps96.6% CRCLON

Performance

ASMLONCRCLON

7 days+0.14%-6.27%ASMLON
30 days+0.82%-16.67%ASMLON
90 days-13.96%——
1 year+72.78%——

Correlation

-0.14over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	ASMLON	CRCLON
Max drawdown (400d)	-23.9%	-30.7%
Risk-adjusted return (90d)	-0.24	0.06

Relative strength over 90 days: CRCLON outperformed ASMLON by 20.1% — measured on the ASMLON/CRCLON ratio, so it holds regardless of market direction.

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