Bank of America (Ondo Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 3248.3× the size of Bank of America (Ondo Tokenized Stock) (BACON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.29 across 35 shared trading days). CRCLON has been the more volatile of the two, at 100% annualised against BACON's 22%.

Correlation: -0.29
Size ratio: 1 : 3248.3

Bank of America (Ondo Tokenized Stock)BACON

$50.4900

24h: -3.58%
Market cap: $24,848
Volume 24h: $146,863
Volatility (ann.): 22%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$68.3800

24h: -9.62%
Market cap: $80.71M
Volume 24h: $1.14M
Volatility (ann.): 100%

BACON 0.0%Share of the two combined market caps100.0% CRCLON

Performance

BACONCRCLON

7 days-1.59%-11.43%BACON
30 days-8.03%-30.30%BACON
90 days-0.43%——

Correlation

-0.29over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	BACON	CRCLON
Max drawdown (400d)	-16.8%	-34.9%
Risk-adjusted return (90d)	-0.02	-0.05

Relative strength over 90 days: CRCLON outperformed BACON by 25.4% — measured on the BACON/CRCLON ratio, so it holds regardless of market direction.

Bank of America (Ondo Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →