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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 145.8× the size of CoreWeave (Ondo Tokenized) (CRWVON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 23.0 percentage points (CRWVON -1.8% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.15 across 111 shared trading days). CRWVON has been the more volatile of the two, at 100% annualised against CRCLB's 82%.

Correlation: 0.15
Size ratio: 1 : 145.8
Ahead over 90 days: CRCLB

CoreWeave (Ondo Tokenized)CRWVON

$51.3900

24h: +0.63%
Market cap: $1.09M
Volume 24h: $1.02M
Volatility (ann.): 100%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

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

CRWVON 0.7%Share of the two combined market caps99.3% CRCLB

Performance

CRWVONCRCLB

7 days-3.30%-7.34%CRWVON
30 days+1.28%-10.38%CRWVON
90 days-1.83%+21.21%CRCLB

Correlation

0.15over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 0.221y: 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	CRWVON	CRCLB
Max drawdown (400d)	-54.5%	-31.5%
Risk-adjusted return (90d)	-0.02	0.25

Relative strength over 90 days: CRCLB outperformed CRWVON by 15.6% — measured on the CRWVON/CRCLB ratio, so it holds regardless of market direction.

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