Circle xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle xStock (CRCLX) is 1.4× the size of Circle Internet Group (Ondo Tokenized Stock) (CRCLON) by market capitalisation. Over the past 30 days, CRCLX is ahead by 0.0 percentage points (CRCLX -15.9% against CRCLON -15.9%). Their daily returns move very closely together (correlation 1.00 across 57 shared trading days). Both have run at a similar volatility, around 96% annualised.

Correlation: 1.00
Size ratio: 1.4×
Ahead over 30 days: CRCLX

Circle xStockCRCLX

$75.0800

24h: +0.43%
Market cap: $122.90M
Volume 24h: $17.76M
Volatility (ann.): 95%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.1600

24h: +0.53%
Market cap: $88.48M
Volume 24h: $1.60M
Volatility (ann.): 97%

CRCLX 58.1%Share of the two combined market caps41.9% CRCLON

Performance

CRCLXCRCLON

7 days-5.30%-5.63%CRCLX
30 days-15.86%-15.88%CRCLX

Correlation

1.00over 57 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	CRCLX	CRCLON
Max drawdown (400d)	-30.8%	-30.7%
Risk-adjusted return (90d)	0.06	0.06

Relative strength over 90 days: CRCLON outperformed CRCLX by 0.3% — measured on the CRCLX/CRCLON ratio, so it holds regardless of market direction.

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