Constellation Energy (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 208.7× the size of Constellation Energy (Ondo Tokenized Stock) (CEGON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 16.4 percentage points (CEGON +4.8% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.06 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CEGON's 44%.

Correlation: 0.06
Size ratio: 1 : 208.7
Ahead over 90 days: CRCLB

Constellation Energy (Ondo Tokenized Stock)CEGON

$260.7800

24h: +0.43%
Market cap: $764,909
Volume 24h: $156,223
Volatility (ann.): 44%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8400

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

CEGON 0.5%Share of the two combined market caps99.5% CRCLB

Performance

CEGONCRCLB

7 days-0.79%-7.34%CEGON
30 days-5.82%-10.38%CEGON
90 days+4.84%+21.21%CRCLB

Correlation

0.06over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2190d: 0.021y: 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	CEGON	CRCLB
Max drawdown (400d)	-29.7%	-31.5%
Risk-adjusted return (90d)	0.14	0.25

Relative strength over 90 days: CRCLB outperformed CEGON by 22.4% — measured on the CEGON/CRCLB ratio, so it holds regardless of market direction.

Constellation Energy (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →