Circle Internet Group (Ondo Tokenized Stock) vs Circle xStock

Circle xStock (CRCLX) is 1.4× the size of Circle Internet Group (Ondo Tokenized Stock) (CRCLON) by market capitalisation. Over the past 30 days, CRCLON is ahead by 0.3 percentage points (CRCLON -30.3% against CRCLX -30.6%). Their daily returns move very closely together (correlation 1.00 across 58 shared trading days). Both have run at a similar volatility, around 100% annualised.

Correlation: 1.00
Size ratio: 1 : 1.4
Ahead over 30 days: CRCLON

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$68.2600

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

Circle xStockCRCLX

$68.3100

24h: -9.63%
Market cap: $114.94M
Volume 24h: $10.38M
Volatility (ann.): 99%

CRCLON 41.2%Share of the two combined market caps58.8% CRCLX

Performance

CRCLONCRCLX

7 days-11.43%-11.46%CRCLON
30 days-30.30%-30.55%CRCLON

Correlation

1.00over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 1.0090d: 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	CRCLX
Max drawdown (400d)	-34.9%	-35.2%
Risk-adjusted return (90d)	-0.05	-0.06

Relative strength over 90 days: CRCLON outperformed CRCLX by 0.8% — measured on the CRCLON/CRCLX ratio, so it holds regardless of market direction.

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