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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 162.9× the size of Corning (Ondo Tokenized) (GLWON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 60.8 percentage points (GLWON -39.6% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.10 across 103 shared trading days). Both have run at a similar volatility, around 84% annualised.

Correlation: 0.10
Size ratio: 1 : 162.9
Ahead over 90 days: CRCLB

Corning (Ondo Tokenized)GLWON

$123.3400

24h: -0.80%
Market cap: $980,310
Volume 24h: $160,154
Volatility (ann.): 87%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

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

GLWON 0.6%Share of the two combined market caps99.4% CRCLB

Performance

GLWONCRCLB

7 days-4.73%-7.34%GLWON
30 days+3.20%-10.38%GLWON
90 days-39.58%+21.21%CRCLB

Correlation

0.10over 103 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 0.141y: 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	GLWON	CRCLB
Max drawdown (400d)	-51.8%	-31.5%
Risk-adjusted return (90d)	-0.48	0.25

Relative strength over 90 days: CRCLB outperformed GLWON by 55.3% — measured on the GLWON/CRCLB ratio, so it holds regardless of market direction.

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