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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 2.5× the size of Circle Internet Group (Ondo Tokenized Stock) (CRCLON) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 58 shared trading days). CRCLON has been the more volatile of the two, at 100% annualised against SPCXB's 73%.

Correlation: 0.29
Size ratio: 1 : 2.5

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$68.2300

24h: -9.08%
Market cap: $80.52M
Volume 24h: $1.35M
Volatility (ann.): 100%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.5800

24h: -5.25%
Market cap: $198.71M
Volume 24h: $63.46M
Volatility (ann.): 73%

CRCLON 28.8%Share of the two combined market caps71.2% SPCXB

Performance

CRCLONSPCXB

7 days-11.43%-12.85%CRCLON
30 days-30.30%-27.86%SPCXB
90 days—-8.57%—

Correlation

0.29over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	SPCXB
Max drawdown (400d)	-34.9%	-47.5%
Risk-adjusted return (90d)	-0.05	-0.15

Relative strength over 90 days: CRCLON outperformed SPCXB by 9.8% — measured on the CRCLON/SPCXB ratio, so it holds regardless of market direction.

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