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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 113.5× the size of Constellation Energy (Ondo Tokenized Stock) (CEGON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against CEGON's 44%.

Correlation: -0.06
Size ratio: 1 : 113.5

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 (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

CEGON 0.9%Share of the two combined market caps99.1% CRCLON

Performance

CEGONCRCLON

7 days-0.79%-6.27%CEGON
30 days-5.82%-16.67%CEGON
90 days+4.84%——

Correlation

-0.06over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	CEGON	CRCLON
Max drawdown (400d)	-29.7%	-30.7%
Risk-adjusted return (90d)	0.14	0.06

Relative strength over 90 days: CRCLON outperformed CEGON by 18.5% — measured on the CEGON/CRCLON ratio, so it holds regardless of market direction.

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