BitMine Immersion Technologies (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 18.8× the size of BitMine Immersion Technologies (bStocks Tokenized Stock) (BMNRB) by market capitalisation. Their daily returns move closely together (correlation 0.83 across 56 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against BMNRB's 82%.

Correlation: 0.83
Size ratio: 1 : 18.8

BitMine Immersion Technologies (bStocks Tokenized Stock)BMNRB

$20.7900

24h: +0.00%
Market cap: $4.73M
Volume 24h: $1.23M
Volatility (ann.): 82%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.1900

24h: +4.70%
Market cap: $88.78M
Volume 24h: $695,113
Volatility (ann.): 98%

BMNRB 5.1%Share of the two combined market caps94.9% CRCLON

Performance

BMNRBCRCLON

7 days-5.82%-6.27%BMNRB
30 days-24.33%-16.67%CRCLON
90 days+11.11%——

Correlation

0.83over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 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	BMNRB	CRCLON
Max drawdown (400d)	-31.9%	-30.7%
Risk-adjusted return (90d)	0.14	0.06

Relative strength over 90 days: BMNRB outperformed CRCLON by 5.4% — measured on the BMNRB/CRCLON ratio, so it holds regardless of market direction.

BitMine Immersion Technologies (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →