AST SpaceMobile (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 98.4× the size of AST SpaceMobile (bStocks Tokenized Stock) (ASTSB) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 56 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against ASTSB's 80%.

Correlation: 0.40
Size ratio: 1 : 98.4

AST SpaceMobile (bStocks Tokenized Stock)ASTSB

$37.5100

24h: -0.00%
Market cap: $919,777
Volume 24h: $290,576
Volatility (ann.): 80%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9500

24h: +3.62%
Market cap: $90.50M
Volume 24h: $1.47M
Volatility (ann.): 98%

ASTSB 1.0%Share of the two combined market caps99.0% CRCLON

Performance

ASTSBCRCLON

7 days-10.23%-6.27%CRCLON
30 days-36.47%-16.67%CRCLON
90 days-45.12%——

Correlation

0.40over 56 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	ASTSB	CRCLON
Max drawdown (400d)	-50.4%	-30.7%
Risk-adjusted return (90d)	-0.56	0.06

Relative strength over 90 days: CRCLON outperformed ASTSB by 46.7% — measured on the ASTSB/CRCLON ratio, so it holds regardless of market direction.

AST SpaceMobile (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →