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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 30.3× the size of Chevron (Ondo Tokenized Stock) (CVXON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.30 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against CVXON's 25%.

Correlation: -0.30
Size ratio: 1 : 30.3

Chevron (Ondo Tokenized Stock)CVXON

$226.0900

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5900

24h: +4.73%
Market cap: $89.29M
Volume 24h: $678,972
Volatility (ann.): 98%

CVXON 3.2%Share of the two combined market caps96.8% CRCLON

Performance

CVXONCRCLON

7 days+1.97%-6.27%CVXON
30 days+0.83%-16.67%CVXON
90 days+25.10%——
1 year+41.43%——

Correlation

-0.30over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3590d: 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	CVXON	CRCLON
Max drawdown (400d)	-21.2%	-30.7%
Risk-adjusted return (90d)	0.96	0.06

Relative strength over 90 days: CRCLON outperformed CVXON by 15.4% — measured on the CVXON/CRCLON ratio, so it holds regardless of market direction.

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