Broadcom xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 12.7× the size of Broadcom xStock (AVGOX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against AVGOX's 51%.

Correlation: -0.11
Size ratio: 1 : 12.7

Broadcom xStockAVGOX

$325.2700

24h: +0.20%
Market cap: $6.98M
Volume 24h: $145,736
Volatility (ann.): 51%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.2300

24h: -0.49%
Market cap: $88.59M
Volume 24h: $1.62M
Volatility (ann.): 98%

AVGOX 7.3%Share of the two combined market caps92.7% CRCLON

Performance

AVGOXCRCLON

7 days-4.65%-6.27%AVGOX
30 days-5.96%-16.67%AVGOX
90 days-5.42%——
1 year+4.98%——

Correlation

-0.11over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	AVGOX	CRCLON
Max drawdown (400d)	-31.0%	-30.7%
Risk-adjusted return (90d)	-0.14	0.06

Relative strength over 90 days: CRCLON outperformed AVGOX by 23.0% — measured on the AVGOX/CRCLON ratio, so it holds regardless of market direction.

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