BitGo Holdings (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 312.8× the size of BitGo Holdings (Ondo Tokenized Stock) (BTGOON) by market capitalisation. Over the past 90 days, BTGOON is ahead by 28.0 percentage points (BTGOON +47.2% against CRCLB +19.2%). Their daily returns move loosely together (correlation 0.59 across 111 shared trading days). BTGOON has been the more volatile of the two, at 96% annualised against CRCLB's 82%.

Correlation: 0.59
Size ratio: 1 : 312.8
Ahead over 90 days: BTGOON

BitGo Holdings (Ondo Tokenized Stock)BTGOON

$5.5000

24h: +2.54%
Market cap: $520,273
Volume 24h: $80,408
Volatility (ann.): 96%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.9500

24h: +5.18%
Market cap: $162.75M
Volume 24h: $43.00M
Volatility (ann.): 82%

BTGOON 0.3%Share of the two combined market caps99.7% CRCLB

Performance

BTGOONCRCLB

7 days-5.67%-5.56%CRCLB
30 days+16.76%-9.22%BTGOON
90 days+47.22%+19.24%BTGOON

Correlation

0.59over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6190d: 0.601y: 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	BTGOON	CRCLB
Max drawdown (400d)	-66.3%	-31.5%
Risk-adjusted return (90d)	0.58	0.23

Relative strength over 90 days: BTGOON outperformed CRCLB by 9.5% — measured on the BTGOON/CRCLB ratio, so it holds regardless of market direction.

BitGo Holdings (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →