Coinbase Global Inc ST0x vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 288.6× the size of Coinbase Global Inc ST0x (WTCOIN) by market capitalisation. Over the past 30 days, WTCOIN is ahead by 2.1 percentage points (WTCOIN -13.8% against CRCLON -15.9%). Their daily returns move closely together (correlation 0.79 across 29 shared trading days). Both have run at a similar volatility, around 92% annualised.

Correlation: 0.79
Size ratio: 1 : 288.6
Ahead over 30 days: WTCOIN

Coinbase Global Inc ST0xWTCOIN

$152.0100

24h: +6.63%
Market cap: $308,445
Volume 24h: $117,461
Volatility (ann.): 87%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.6600

24h: +0.31%
Market cap: $89.02M
Volume 24h: $1.60M
Volatility (ann.): 97%

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

Performance

WTCOINCRCLON

7 days-5.46%-5.63%WTCOIN
30 days-13.79%-15.88%WTCOIN

Correlation

0.79over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7990d: 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	WTCOIN	CRCLON
Max drawdown (400d)	-31.2%	-30.7%
Risk-adjusted return (90d)	-0.16	0.06

Relative strength over 90 days: WTCOIN outperformed CRCLON by 0.7% — measured on the WTCOIN/CRCLON ratio, so it holds regardless of market direction.

Coinbase Global Inc ST0x →Circle Internet Group (Ondo Tokenized Stock) →