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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 172.0× the size of BitGo Holdings (Ondo Tokenized Stock) (BTGOON) by market capitalisation. Their daily returns move closely together (correlation 0.71 across 35 shared trading days). Both have run at a similar volatility, around 96% annualised.

Correlation: 0.71
Size ratio: 1 : 172.0

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 (Ondo Tokenized Stock)CRCLON

$76.0300

24h: +4.55%
Market cap: $89.51M
Volume 24h: $1.63M
Volatility (ann.): 97%

BTGOON 0.6%Share of the two combined market caps99.4% CRCLON

Performance

BTGOONCRCLON

7 days-5.67%-5.63%CRCLON
30 days+16.76%-15.88%BTGOON
90 days+47.22%——

Correlation

0.71over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6790d: 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	BTGOON	CRCLON
Max drawdown (400d)	-66.3%	-30.7%
Risk-adjusted return (90d)	0.58	0.06

Relative strength over 90 days: BTGOON outperformed CRCLON by 20.4% — measured on the BTGOON/CRCLON ratio, so it holds regardless of market direction.

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