Core Scientific (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 662.8× the size of Core Scientific (Ondo Tokenized) (CORZON) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 35 shared trading days). Both have run at a similar volatility, around 92% annualised.

Correlation: 0.27
Size ratio: 1 : 662.8

Core Scientific (Ondo Tokenized)CORZON

$12.7300

24h: -6.90%
Market cap: $118,441
Volume 24h: $174,360
Volatility (ann.): 86%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$66.7600

24h: -12.37%
Market cap: $78.51M
Volume 24h: $1.20M
Volatility (ann.): 97%

CORZON 0.2%Share of the two combined market caps99.8% CRCLON

Performance

CORZONCRCLON

7 days-8.28%-5.63%CRCLON
30 days+1.27%-15.88%CORZON
90 days-28.87%——

Correlation

0.27over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	CORZON	CRCLON
Max drawdown (400d)	-32.1%	-30.7%
Risk-adjusted return (90d)	-0.33	0.06

Relative strength over 90 days: CRCLON outperformed CORZON by 25.4% — measured on the CORZON/CRCLON ratio, so it holds regardless of market direction.

Core Scientific (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →