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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 5516.8× the size of ConocoPhillips (Ondo Tokenized Stock) (COPON) by market capitalisation. Over the past 90 days, COPON is ahead by 21.7 percentage points (COPON +23.4% against CRCLB +1.7%). Their daily returns move barely in opposite directions (correlation -0.17 across 110 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against COPON's 33%.

Correlation: -0.17
Size ratio: 1 : 5516.8
Ahead over 90 days: COPON

ConocoPhillips (Ondo Tokenized Stock)COPON

$137.3700

24h: -1.09%
Market cap: $27,290
Volume 24h: $483,049
Volatility (ann.): 33%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.6800

24h: -10.07%
Market cap: $150.55M
Volume 24h: $44.41M
Volatility (ann.): 83%

COPON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

COPONCRCLB

7 days+0.62%-10.02%COPON
30 days-1.83%-18.89%COPON
90 days+23.40%+1.70%COPON

Correlation

-0.17over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: -0.211y: 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	COPON	CRCLB
Max drawdown (400d)	-22.4%	-35.4%
Risk-adjusted return (90d)	0.69	0.02

Relative strength over 90 days: CRCLB outperformed COPON by 8.7% — measured on the COPON/CRCLB ratio, so it holds regardless of market direction.

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