Coca-Cola (Ondo Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 20.2× the size of Coca-Cola (Ondo Tokenized Stock) (KOON) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against KOON's 19%.

Correlation: 0.26
Size ratio: 1 : 20.2

Coca-Cola (Ondo Tokenized Stock)KOON

$97.2000

24h: -0.06%
Market cap: $4.45M
Volume 24h: $3.10M
Volatility (ann.): 19%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.1200

24h: +5.01%
Market cap: $89.79M
Volume 24h: $697,234
Volatility (ann.): 98%

KOON 4.7%Share of the two combined market caps95.3% CRCLON

Performance

KOONCRCLON

7 days-0.45%-6.27%KOON
30 days-1.45%-16.67%KOON
90 days+9.07%——
1 year+27.35%——

Correlation

0.26over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	KOON	CRCLON
Max drawdown (400d)	-8.4%	-30.7%
Risk-adjusted return (90d)	0.42	0.06

Relative strength over 90 days: CRCLON outperformed KOON by 16.8% — measured on the KOON/CRCLON ratio, so it holds regardless of market direction.

Coca-Cola (Ondo Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →