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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 688.5× the size of Bilibili (Ondo Tokenized Stock) (BILION) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against BILION's 42%.

Correlation: 0.17
Size ratio: 1 : 688.5

Bilibili (Ondo Tokenized Stock)BILION

$14.4500

24h: +9.40%
Market cap: $232,747
Volume 24h: $21,472
Volatility (ann.): 42%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2500

24h: +0.56%
Market cap: $160.24M
Volume 24h: $41.83M
Volatility (ann.): 82%

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

Performance

BILIONCRCLB

7 days+1.69%-5.56%BILION
30 days-4.63%-9.22%BILION
90 days—+19.24%—

Correlation

0.17over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	BILION	CRCLB
Max drawdown (400d)	-12.0%	-31.5%
Risk-adjusted return (90d)	-0.11	0.23

Relative strength over 90 days: BILION outperformed CRCLB by 1.9% — measured on the BILION/CRCLB ratio, so it holds regardless of market direction.

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