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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 55.6× the size of Chevron (Ondo Tokenized Stock) (CVXON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.14 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CVXON's 25%.

Correlation: -0.14
Size ratio: 1 : 55.6

Chevron (Ondo Tokenized Stock)CVXON

$226.0900

24h: -2.23%
Market cap: $2.95M
Volume 24h: $227,715
Volatility (ann.): 25%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3900

24h: +5.17%
Market cap: $163.95M
Volume 24h: $23.61M
Volatility (ann.): 82%

CVXON 1.8%Share of the two combined market caps98.2% CRCLB

Performance

CVXONCRCLB

7 days+1.97%-7.34%CVXON
30 days+0.83%-10.38%CVXON
90 days+25.10%+21.21%CVXON
1 year+41.43%——

Correlation

-0.14over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1990d: -0.231y: 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	CVXON	CRCLB
Max drawdown (400d)	-21.2%	-31.5%
Risk-adjusted return (90d)	0.96	0.25

Relative strength over 90 days: CRCLB outperformed CVXON by 6.9% — measured on the CVXON/CRCLB ratio, so it holds regardless of market direction.

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