Chevron xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 105.4× the size of Chevron xStock (CVXX) by market capitalisation. Over the past 30 days, CVXX is ahead by 18.0 percentage points (CVXX +1.3% against CRCLON -16.7%). Their daily returns move barely in opposite directions (correlation -0.15 across 22 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against CVXX's 42%.

Correlation: -0.15
Size ratio: 1 : 105.4
Ahead over 30 days: CVXX

Chevron xStockCVXX

$225.8200

24h: -1.81%
Market cap: $840,586
Volume 24h: $2,025
Volatility (ann.): 42%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.2300

24h: -0.49%
Market cap: $88.59M
Volume 24h: $1.62M
Volatility (ann.): 98%

CVXX 0.9%Share of the two combined market caps99.1% CRCLON

Performance

CVXXCRCLON

7 days+0.31%-6.27%CVXX
30 days+1.33%-16.67%CVXX

Correlation

-0.15over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	CVXX	CRCLON
Max drawdown (400d)	-7.4%	-30.7%
Risk-adjusted return (90d)	0.03	0.06

Relative strength over 90 days: CVXX outperformed CRCLON by 15.0% — measured on the CVXX/CRCLON ratio, so it holds regardless of market direction.

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