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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 12.1× the size of BitMine Immersion Technologies (Ondo Tokenized Stock) (BMNRON) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 42 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against BMNRON's 80%.

Correlation: 0.72
Size ratio: 1 : 12.1

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 (Ondo Tokenized Stock)CRCLON

$76.1200

24h: +5.01%
Market cap: $89.79M
Volume 24h: $697,234
Volatility (ann.): 98%

BMNRON 7.6%Share of the two combined market caps92.4% CRCLON

Performance

BMNRONCRCLON

7 days-24.20%-6.27%CRCLON
30 days-19.16%-16.67%CRCLON
90 days+38.00%——

Correlation

0.72over 42 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7090d: 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	BMNRON	CRCLON
Max drawdown (400d)	-43.8%	-30.7%
Risk-adjusted return (90d)	0.41	0.06

Relative strength over 90 days: BMNRON outperformed CRCLON by 4.8% — measured on the BMNRON/CRCLON ratio, so it holds regardless of market direction.

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