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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 6518.4× the size of Cameco (Ondo Tokenized) (CCJON) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 27 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CCJON's 43%.

Correlation: 0.06
Size ratio: 1 : 6518.4

Cameco (Ondo Tokenized)CCJON

$71.0500

24h: -1.58%
Market cap: $23,030
Volume 24h: $5,532
Volatility (ann.): 43%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.1200

24h: -10.54%
Market cap: $150.12M
Volume 24h: $39.67M
Volatility (ann.): 82%

CCJON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

CCJONCRCLB

7 days+7.27%-5.56%CCJON
30 days-7.30%-9.22%CCJON
90 days—+19.24%—

Correlation

0.06over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	CCJON	CRCLB
Max drawdown (400d)	-16.3%	-31.5%
Risk-adjusted return (90d)	-0.17	0.23

Relative strength over 90 days: CCJON outperformed CRCLB by 17.2% — measured on the CCJON/CRCLB ratio, so it holds regardless of market direction.

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