Bitdeer Technologies (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 2010.1× the size of Bitdeer Technologies (Ondo Tokenized) (BTDRON) by market capitalisation. Their daily returns move closely together (correlation 0.73 across 26 shared trading days). BTDRON has been the more volatile of the two, at 95% annualised against CRCLB's 82%.

Correlation: 0.73
Size ratio: 1 : 2010.1

Bitdeer Technologies (Ondo Tokenized)BTDRON

$6.5400

24h: —
Market cap: $78,975
Volume 24h: $7
Volatility (ann.): 95%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2600

24h: +0.33%
Market cap: $158.75M
Volume 24h: $34.09M
Volatility (ann.): 82%

BTDRON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

BTDRONCRCLB

7 days-15.00%-5.56%CRCLB
30 days+1.75%-9.22%BTDRON
90 days—+19.24%—

Correlation

0.73over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7390d: 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	BTDRON	CRCLB
Max drawdown (400d)	-20.4%	-31.5%
Risk-adjusted return (90d)	0.02	0.23

Relative strength over 90 days: BTDRON outperformed CRCLB by 8.7% — measured on the BTDRON/CRCLB ratio, so it holds regardless of market direction.

Bitdeer Technologies (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →