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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 22.1× the size of BitMine Immersion Technologies (Ondo Tokenized Stock) (BMNRON) by market capitalisation. Over the past 90 days, BMNRON is ahead by 16.8 percentage points (BMNRON +38.0% against CRCLB +21.2%). Their daily returns move closely together (correlation 0.64 across 117 shared trading days). Both have run at a similar volatility, around 81% annualised.

Correlation: 0.64
Size ratio: 1 : 22.1
Ahead over 90 days: BMNRON

BitMine Immersion Technologies (Ondo Tokenized Stock)BMNRON

$19.9100

24h: +0.69%
Market cap: $7.42M
Volume 24h: $862,272
Volatility (ann.): 80%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3900

24h: +5.17%
Market cap: $163.95M
Volume 24h: $23.61M
Volatility (ann.): 82%

BMNRON 4.3%Share of the two combined market caps95.7% CRCLB

Performance

BMNRONCRCLB

7 days-24.20%-7.34%CRCLB
30 days-19.16%-10.38%CRCLB
90 days+38.00%+21.21%BMNRON

Correlation

0.64over 117 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 0.651y: 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	BMNRON	CRCLB
Max drawdown (400d)	-43.8%	-31.5%
Risk-adjusted return (90d)	0.41	0.25

Relative strength over 90 days: BMNRON outperformed CRCLB by 19.9% — measured on the BMNRON/CRCLB ratio, so it holds regardless of market direction.

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