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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 289.9× the size of Cerebras Systems (Ondo Tokenized) (CBRSON) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 44 shared trading days). CBRSON has been the more volatile of the two, at 135% annualised against CRCLON's 97%.

Correlation: 0.24
Size ratio: 1 : 289.9

Cerebras Systems (Ondo Tokenized)CBRSON

$90.5600

24h: -5.93%
Market cap: $300,662
Volume 24h: $281,739
Volatility (ann.): 135%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.0500

24h: +0.34%
Market cap: $87.18M
Volume 24h: $1.21M
Volatility (ann.): 97%

CBRSON 0.3%Share of the two combined market caps99.7% CRCLON

Performance

CBRSONCRCLON

7 days-21.81%-5.63%CRCLON
30 days-56.23%-15.88%CRCLON
90 days-53.67%——

Correlation

0.24over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	CBRSON	CRCLON
Max drawdown (400d)	-63.4%	-30.7%
Risk-adjusted return (90d)	-0.39	0.06

Relative strength over 90 days: CRCLON outperformed CBRSON by 59.9% — measured on the CBRSON/CRCLON ratio, so it holds regardless of market direction.

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