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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 159.1× the size of Chipotle (Ondo Tokenized Stock) (CMGON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 21.7 percentage points (CMGON -0.5% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.02 across 113 shared trading days). CMGON has been the more volatile of the two, at 95% annualised against CRCLB's 82%.

Correlation: 0.02
Size ratio: 1 : 159.1
Ahead over 90 days: CRCLB

Chipotle (Ondo Tokenized Stock)CMGON

$33.1200

24h: +1.06%
Market cap: $1.02M
Volume 24h: $149,732
Volatility (ann.): 95%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.4200

24h: -1.19%
Market cap: $162.56M
Volume 24h: $38.24M
Volatility (ann.): 82%

CMGON 0.6%Share of the two combined market caps99.4% CRCLB

Performance

CMGONCRCLB

7 days+9.34%-7.34%CMGON
30 days-6.42%-10.38%CMGON
90 days-0.51%+21.21%CRCLB

Correlation

0.02over 113 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 0.041y: 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	CMGON	CRCLB
Max drawdown (400d)	-32.9%	-31.5%
Risk-adjusted return (90d)	0.00	0.25

Relative strength over 90 days: CRCLB outperformed CMGON by 17.6% — measured on the CMGON/CRCLB ratio, so it holds regardless of market direction.

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