Astera Labs (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1257.6× the size of Astera Labs (Ondo Tokenized) (ALABON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 31.5 percentage points (ALABON -12.3% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.28 across 83 shared trading days). ALABON has been the more volatile of the two, at 104% annualised against CRCLB's 82%.

Correlation: 0.28
Size ratio: 1 : 1257.6
Ahead over 90 days: CRCLB

Astera Labs (Ondo Tokenized)ALABON

$216.8800

24h: -2.48%
Market cap: $126,199
Volume 24h: $204,004
Volatility (ann.): 104%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2000

24h: +1.36%
Market cap: $158.71M
Volume 24h: $34.71M
Volatility (ann.): 82%

ALABON 0.1%Share of the two combined market caps99.9% CRCLB

Performance

ALABONCRCLB

7 days+1.26%-5.56%ALABON
30 days+19.96%-9.22%ALABON
90 days-12.27%+19.24%CRCLB

Correlation

0.28over 83 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 0.281y: 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	ALABON	CRCLB
Max drawdown (400d)	-39.7%	-31.5%
Risk-adjusted return (90d)	-0.12	0.23

Relative strength over 90 days: CRCLB outperformed ALABON by 34.5% — measured on the ALABON/CRCLB ratio, so it holds regardless of market direction.

Astera Labs (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →