Blackrock, Inc. (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 78.4× the size of Blackrock, Inc. (Ondo Tokenized Stock) (BLKON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 8.5 percentage points (BLKON +12.7% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.22 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against BLKON's 28%.

Correlation: 0.22
Size ratio: 1 : 78.4
Ahead over 90 days: CRCLB

Blackrock, Inc. (Ondo Tokenized Stock)BLKON

$1,182.67

24h: -0.13%
Market cap: $2.04M
Volume 24h: $153,200
Volatility (ann.): 28%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8400

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

BLKON 1.3%Share of the two combined market caps98.7% CRCLB

Performance

BLKONCRCLB

7 days-0.42%-7.34%BLKON
30 days-6.47%-10.38%BLKON
90 days+12.74%+21.21%CRCLB

Correlation

0.22over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 0.291y: 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	BLKON	CRCLB
Max drawdown (400d)	-15.0%	-31.5%
Risk-adjusted return (90d)	0.55	0.25

Relative strength over 90 days: CRCLB outperformed BLKON by 16.6% — measured on the BLKON/CRCLB ratio, so it holds regardless of market direction.

Blackrock, Inc. (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →