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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1.9× the size of Circle Internet Group (Ondo Tokenized Stock) (CRCLON) by market capitalisation. Their daily returns move very closely together (correlation 0.97 across 58 shared trading days). CRCLON has been the more volatile of the two, at 100% annualised against CRCLB's 83%.

Correlation: 0.97
Size ratio: 1 : 1.9

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$68.2600

24h: -9.59%
Market cap: $80.55M
Volume 24h: $1.33M
Volatility (ann.): 100%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.7800

24h: -9.49%
Market cap: $149.90M
Volume 24h: $45.98M
Volatility (ann.): 83%

CRCLON 35.0%Share of the two combined market caps65.0% CRCLB

Performance

CRCLONCRCLB

7 days-11.43%-10.02%CRCLB
30 days-30.30%-18.89%CRCLB
90 days—+1.70%—

Correlation

0.97over 58 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	CRCLON	CRCLB
Max drawdown (400d)	-34.9%	-35.4%
Risk-adjusted return (90d)	-0.05	0.02

Relative strength over 90 days: CRCLB outperformed CRCLON by 0.7% — measured on the CRCLON/CRCLB ratio, so it holds regardless of market direction.

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