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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 10683.7× the size of Coupang (Ondo Tokenized Stock) (CPNGON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 23.3 percentage points (CPNGON -21.6% against CRCLB +1.7%). Their daily returns move barely together (correlation 0.10 across 110 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against CPNGON's 48%.

Correlation: 0.10
Size ratio: 1 : 10683.7
Ahead over 90 days: CRCLB

Coupang (Ondo Tokenized Stock)CPNGON

$16.6300

24h: +13.03%
Market cap: $14,246
Volume 24h: $166,679
Volatility (ann.): 48%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.9800

24h: -9.20%
Market cap: $152.20M
Volume 24h: $44.31M
Volatility (ann.): 83%

CPNGON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

CPNGONCRCLB

7 days-6.35%-10.02%CPNGON
30 days-16.91%-18.89%CPNGON
90 days-21.57%+1.70%CRCLB

Correlation

0.10over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 0.081y: 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	CPNGON	CRCLB
Max drawdown (400d)	-36.5%	-35.4%
Risk-adjusted return (90d)	-0.58	0.02

Relative strength over 90 days: CRCLB outperformed CPNGON by 42.0% — measured on the CPNGON/CRCLB ratio, so it holds regardless of market direction.

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