Bitmine xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 20.4× the size of Bitmine xStock (BMNRX) by market capitalisation. Over the past 30 days, CRCLON is ahead by 14.8 percentage points (BMNRX -31.5% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.26 across 29 shared trading days). BMNRX has been the more volatile of the two, at 184% annualised against CRCLON's 98%.

Correlation: 0.26
Size ratio: 1 : 20.4
Ahead over 30 days: CRCLON

Bitmine xStockBMNRX

$20.5600

24h: +4.42%
Market cap: $4.28M
Volume 24h: $368
Volatility (ann.): 184%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.3200

24h: +2.18%
Market cap: $87.59M
Volume 24h: $1.03M
Volatility (ann.): 98%

BMNRX 4.7%Share of the two combined market caps95.3% CRCLON

Performance

BMNRXCRCLON

7 days-27.18%-6.27%CRCLON
30 days-31.51%-16.67%CRCLON

Correlation

0.26over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	BMNRX	CRCLON
Max drawdown (400d)	-35.0%	-30.7%
Risk-adjusted return (90d)	-0.15	0.06

Relative strength over 90 days: CRCLON outperformed BMNRX by 12.3% — measured on the BMNRX/CRCLON ratio, so it holds regardless of market direction.

Bitmine xStock →Circle Internet Group (Ondo Tokenized Stock) →