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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1.8× the size of Circle Internet Group (Ondo Tokenized Stock) (CRCLON) by market capitalisation. Their daily returns move very closely together (correlation 0.97 across 57 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against CRCLB's 82%.

Correlation: 0.97
Size ratio: 1.8×

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.8800

24h: +1.89%
Market cap: $160.82M
Volume 24h: $43.73M
Volatility (ann.): 82%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

24h: +1.93%
Market cap: $88.92M
Volume 24h: $1.64M
Volatility (ann.): 97%

CRCLB 64.4%Share of the two combined market caps35.6% CRCLON

Performance

CRCLBCRCLON

7 days-5.56%-5.63%CRCLB
30 days-9.22%-15.88%CRCLB
90 days+19.24%——

Correlation

0.97over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9790d: 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	CRCLB	CRCLON
Max drawdown (400d)	-31.5%	-30.7%
Risk-adjusted return (90d)	0.23	0.06

Relative strength over 90 days: CRCLB outperformed CRCLON by 0.2% — measured on the CRCLB/CRCLON ratio, so it holds regardless of market direction.

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