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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 42.7× the size of Blackrock, Inc. (Ondo Tokenized Stock) (BLKON) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against BLKON's 28%.

Correlation: 0.49
Size ratio: 1 : 42.7

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 (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

BLKON 2.3%Share of the two combined market caps97.7% CRCLON

Performance

BLKONCRCLON

7 days-0.42%-6.27%BLKON
30 days-6.47%-16.67%BLKON
90 days+12.74%——

Correlation

0.49over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5290d: 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	BLKON	CRCLON
Max drawdown (400d)	-15.0%	-30.7%
Risk-adjusted return (90d)	0.55	0.06

Relative strength over 90 days: CRCLON outperformed BLKON by 21.0% — measured on the BLKON/CRCLON ratio, so it holds regardless of market direction.

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