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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 372.8× the size of Cloudflare (Ondo Tokenized) (NETON) by market capitalisation. Over the past 30 days, NETON is ahead by 31.4 percentage points (NETON +15.5% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.24 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against NETON's 72%.

Correlation: 0.24
Size ratio: 1 : 372.8
Ahead over 30 days: NETON

Cloudflare (Ondo Tokenized)NETON

$262.8900

24h: -1.54%
Market cap: $208,359
Volume 24h: $163,878
Volatility (ann.): 72%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$65.9400

24h: -11.11%
Market cap: $77.68M
Volume 24h: $1.00M
Volatility (ann.): 97%

NETON 0.3%Share of the two combined market caps99.7% CRCLON

Performance

NETONCRCLON

7 days-1.48%-5.63%NETON
30 days+15.47%-15.88%NETON

Correlation

0.24over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	NETON	CRCLON
Max drawdown (400d)	-16.6%	-30.7%
Risk-adjusted return (90d)	0.46	0.06

Relative strength over 90 days: CRCLON outperformed NETON by 2.8% — measured on the NETON/CRCLON ratio, so it holds regardless of market direction.

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