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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 91.6× the size of CoreWeave (bStocks Tokenized Stock) (CRWVB) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 56 shared trading days). Both have run at a similar volatility, around 105% annualised.

Correlation: 0.40
Size ratio: 1 : 91.6

CoreWeave (bStocks Tokenized Stock)CRWVB

$50.0400

24h: -1.12%
Market cap: $948,576
Volume 24h: $184,675
Volatility (ann.): 112%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

CRWVB 1.1%Share of the two combined market caps98.9% CRCLON

Performance

CRWVBCRCLON

7 days-9.63%-6.27%CRCLON
30 days-39.67%-16.67%CRCLON
90 days-39.45%——

Correlation

0.40over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 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	CRWVB	CRCLON
Max drawdown (400d)	-52.5%	-30.7%
Risk-adjusted return (90d)	-0.40	0.06

Relative strength over 90 days: CRCLON outperformed CRWVB by 44.3% — measured on the CRWVB/CRCLON ratio, so it holds regardless of market direction.

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