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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 6.5× the size of Circle Internet Group Tokenized Stock (Reality) (RCRCL) by market capitalisation. Over the past 30 days, RCRCL is ahead by 7.9 percentage points (RCRCL -8.8% against CRCLON -16.7%). Their daily returns move very closely together (correlation 0.87 across 21 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against RCRCL's 58%.

Correlation: 0.87
Size ratio: 1 : 6.5
Ahead over 30 days: RCRCL

Circle Internet Group Tokenized Stock (Reality)RCRCL

$73.5900

24h: +2.07%
Market cap: $13.72M
Volume 24h: $1.76M
Volatility (ann.): 58%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.2300

24h: -0.49%
Market cap: $88.59M
Volume 24h: $1.62M
Volatility (ann.): 98%

RCRCL 13.4%Share of the two combined market caps86.6% CRCLON

Performance

RCRCLCRCLON

7 days-7.23%-6.27%CRCLON
30 days-8.79%-16.67%RCRCL

Correlation

0.87over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	RCRCL	CRCLON
Max drawdown (400d)	-19.1%	-30.7%
Risk-adjusted return (90d)	-0.16	0.06

Relative strength over 90 days: CRCLON outperformed RCRCL by 3.9% — measured on the RCRCL/CRCLON ratio, so it holds regardless of market direction.

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