AXT (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1405.0× the size of AXT (Ondo Tokenized) (AXTION) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 54 shared trading days). AXTION has been the more volatile of the two, at 136% annualised against CRCLB's 82%.

Correlation: 0.11
Size ratio: 1 : 1405.0

AXT (Ondo Tokenized)AXTION

$46.3100

24h: -6.98%
Market cap: $105,062
Volume 24h: $182,276
Volatility (ann.): 136%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.8800

24h: -5.90%
Market cap: $147.61M
Volume 24h: $34.76M
Volatility (ann.): 82%

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

Performance

AXTIONCRCLB

7 days-6.84%-5.56%CRCLB
30 days+27.42%-9.22%AXTION
90 days—+19.24%—

Correlation

0.11over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0090d: 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	AXTION	CRCLB
Max drawdown (400d)	-41.8%	-31.5%
Risk-adjusted return (90d)	-0.01	0.23

Relative strength over 90 days: CRCLB outperformed AXTION by 26.7% — measured on the AXTION/CRCLB ratio, so it holds regardless of market direction.

AXT (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →