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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 175.8× the size of Coherent (Ondo Tokenized) (COHRON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 34.3 percentage points (COHRON -13.0% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.14 across 112 shared trading days). COHRON has been the more volatile of the two, at 97% annualised against CRCLB's 82%.

Correlation: 0.14
Size ratio: 1 : 175.8
Ahead over 90 days: CRCLB

Coherent (Ondo Tokenized)COHRON

$202.4600

24h: -0.29%
Market cap: $915,940
Volume 24h: $814,204
Volatility (ann.): 97%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2100

24h: +2.25%
Market cap: $161.01M
Volume 24h: $27.84M
Volatility (ann.): 82%

COHRON 0.6%Share of the two combined market caps99.4% CRCLB

Performance

COHRONCRCLB

7 days-3.53%-7.34%COHRON
30 days+4.17%-10.38%COHRON
90 days-13.05%+21.21%CRCLB

Correlation

0.14over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 0.201y: 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	COHRON	CRCLB
Max drawdown (400d)	-48.0%	-31.5%
Risk-adjusted return (90d)	-0.13	0.25

Relative strength over 90 days: CRCLB outperformed COHRON by 23.1% — measured on the COHRON/CRCLB ratio, so it holds regardless of market direction.

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