Bloom Energy (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 30.3× the size of Bloom Energy (bStocks Tokenized Stock) (BEB) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 56 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: 0.26
Size ratio: 1 : 30.3

Bloom Energy (bStocks Tokenized Stock)BEB

$209.1600

24h: -1.17%
Market cap: $2.87M
Volume 24h: $274,352
Volatility (ann.): 108%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

BEB 3.2%Share of the two combined market caps96.8% CRCLON

Performance

BEBCRCLON

7 days-0.05%-6.27%BEB
30 days-23.92%-16.67%CRCLON
90 days-5.69%——

Correlation

0.26over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	BEB	CRCLON
Max drawdown (400d)	-36.0%	-30.7%
Risk-adjusted return (90d)	-0.06	0.06

Relative strength over 90 days: BEB outperformed CRCLON by 1.1% — measured on the BEB/CRCLON ratio, so it holds regardless of market direction.

Bloom Energy (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →