Broadcom (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 13.4× the size of Broadcom (bStocks Tokenized Stock) (AVGOB) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 56 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against AVGOB's 38%.

Correlation: 0.12
Size ratio: 1 : 13.4

Broadcom (bStocks Tokenized Stock)AVGOB

$333.7700

24h: -0.23%
Market cap: $6.64M
Volume 24h: $3.49M
Volatility (ann.): 38%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

24h: +5.60%
Market cap: $89.21M
Volume 24h: $693,303
Volatility (ann.): 98%

AVGOB 6.9%Share of the two combined market caps93.1% CRCLON

Performance

AVGOBCRCLON

7 days-2.52%-6.27%AVGOB
30 days-6.69%-16.67%AVGOB
90 days-20.41%——

Correlation

0.12over 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	AVGOB	CRCLON
Max drawdown (400d)	-24.7%	-30.7%
Risk-adjusted return (90d)	-0.59	0.06

Relative strength over 90 days: CRCLON outperformed AVGOB by 16.8% — measured on the AVGOB/CRCLON ratio, so it holds regardless of market direction.

Broadcom (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →