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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 86.4× the size of Chipotle (Ondo Tokenized Stock) (CMGON) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 38 shared trading days). Both have run at a similar volatility, around 97% annualised.

Correlation: 0.08
Size ratio: 1 : 86.4

Chipotle (Ondo Tokenized Stock)CMGON

$33.1200

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.0000

24h: -1.28%
Market cap: $88.30M
Volume 24h: $1.54M
Volatility (ann.): 98%

CMGON 1.1%Share of the two combined market caps98.9% CRCLON

Performance

CMGONCRCLON

7 days+9.34%-6.27%CMGON
30 days-6.42%-16.67%CMGON
90 days-0.51%——

Correlation

0.08over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	CMGON	CRCLON
Max drawdown (400d)	-32.9%	-30.7%
Risk-adjusted return (90d)	0.00	0.06

Relative strength over 90 days: CRCLON outperformed CMGON by 7.4% — measured on the CMGON/CRCLON ratio, so it holds regardless of market direction.

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