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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 6446.3× the size of Caterpillar (Ondo Tokenized Stock) (CATON) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CATON's 25%.

Correlation: 0.02
Size ratio: 1 : 6446.3

Caterpillar (Ondo Tokenized Stock)CATON

$594.9800

24h: -4.27%
Market cap: $23,369
Volume 24h: $143,220
Volatility (ann.): 25%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.3300

24h: -10.57%
Market cap: $150.64M
Volume 24h: $41.90M
Volatility (ann.): 82%

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

Performance

CATONCRCLB

7 days+1.11%-5.56%CATON
30 days+4.15%-9.22%CATON
90 days—+19.24%—

Correlation

0.02over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	CATON	CRCLB
Max drawdown (400d)	-4.8%	-31.5%
Risk-adjusted return (90d)	0.16	0.23

Relative strength over 90 days: CATON outperformed CRCLB by 11.3% — measured on the CATON/CRCLB ratio, so it holds regardless of market direction.

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