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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 2966.6× the size of ConocoPhillips (Ondo Tokenized Stock) (COPON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.24 across 35 shared trading days). CRCLON has been the more volatile of the two, at 100% annualised against COPON's 33%.

Correlation: -0.24
Size ratio: 1 : 2966.6

ConocoPhillips (Ondo Tokenized Stock)COPON

$137.3700

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$68.6100

24h: -9.73%
Market cap: $80.96M
Volume 24h: $1.32M
Volatility (ann.): 100%

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

Performance

COPONCRCLON

7 days+0.62%-11.43%COPON
30 days-1.83%-30.30%COPON
90 days+23.40%——

Correlation

-0.24over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3990d: 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	COPON	CRCLON
Max drawdown (400d)	-22.4%	-34.9%
Risk-adjusted return (90d)	0.69	-0.05

Relative strength over 90 days: CRCLON outperformed COPON by 16.3% — measured on the COPON/CRCLON ratio, so it holds regardless of market direction.

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