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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 34.6× the size of AST SpaceMobile (Ondo Tokenized) (ASTSON) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 35 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: 0.17
Size ratio: 1 : 34.6

AST SpaceMobile (Ondo Tokenized)ASTSON

$35.3700

24h: -2.70%
Market cap: $2.52M
Volume 24h: $549,336
Volatility (ann.): 108%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.0700

24h: +1.25%
Market cap: $87.21M
Volume 24h: $1.22M
Volatility (ann.): 97%

ASTSON 2.8%Share of the two combined market caps97.2% CRCLON

Performance

ASTSONCRCLON

7 days-2.92%-5.63%ASTSON
30 days+3.15%-15.88%ASTSON
90 days-31.58%——

Correlation

0.17over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	ASTSON	CRCLON
Max drawdown (400d)	-59.3%	-30.7%
Risk-adjusted return (90d)	-0.36	0.06

Relative strength over 90 days: CRCLON outperformed ASTSON by 24.0% — measured on the ASTSON/CRCLON ratio, so it holds regardless of market direction.

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