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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 31.8× the size of Cerebras (bStocks Tokenized Stock) (CBRSB) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 56 shared trading days). Both have run at a similar volatility, around 99% annualised.

Correlation: 0.38
Size ratio: 1 : 31.8

Cerebras (bStocks Tokenized Stock)CBRSB

$97.8500

24h: -0.56%
Market cap: $2.81M
Volume 24h: $1.67M
Volatility (ann.): 101%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

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

CBRSB 3.1%Share of the two combined market caps96.9% CRCLON

Performance

CBRSBCRCLON

7 days-17.13%-6.27%CRCLON
30 days-45.75%-16.67%CRCLON
90 days-53.92%——

Correlation

0.38over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	CBRSB	CRCLON
Max drawdown (400d)	-61.7%	-30.7%
Risk-adjusted return (90d)	-0.62	0.06

Relative strength over 90 days: CRCLON outperformed CBRSB by 57.1% — measured on the CBRSB/CRCLON ratio, so it holds regardless of market direction.

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