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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 777.2× the size of AXT (Ondo Tokenized) (AXTION) by market capitalisation. Over the past 30 days, AXTION is ahead by 43.3 percentage points (AXTION +27.4% against CRCLON -15.9%). Their daily returns move barely in opposite directions (correlation -0.04 across 35 shared trading days). AXTION has been the more volatile of the two, at 136% annualised against CRCLON's 97%.

Correlation: -0.04
Size ratio: 1 : 777.2
Ahead over 30 days: AXTION

AXT (Ondo Tokenized)AXTION

$46.3100

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$69.3500

24h: -5.53%
Market cap: $81.65M
Volume 24h: $1.12M
Volatility (ann.): 97%

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

Performance

AXTIONCRCLON

7 days-6.84%-5.63%CRCLON
30 days+27.42%-15.88%AXTION

Correlation

-0.04over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	CRCLON
Max drawdown (400d)	-41.8%	-30.7%
Risk-adjusted return (90d)	-0.01	0.06

Relative strength over 90 days: CRCLON outperformed AXTION by 21.1% — measured on the AXTION/CRCLON ratio, so it holds regardless of market direction.

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