Credo Technology (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 42.7× the size of Credo Technology (bStocks Tokenized Stock) (CRDOB) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 56 shared trading days). Both have run at a similar volatility, around 97% annualised.

Correlation: 0.30
Size ratio: 1 : 42.7

Credo Technology (bStocks Tokenized Stock)CRDOB

$142.2800

24h: -0.34%
Market cap: $2.05M
Volume 24h: $431,515
Volatility (ann.): 96%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.3200

24h: +2.18%
Market cap: $87.59M
Volume 24h: $1.03M
Volatility (ann.): 98%

CRDOB 2.3%Share of the two combined market caps97.7% CRCLON

Performance

CRDOBCRCLON

7 days-9.14%-6.27%CRCLON
30 days-30.47%-16.67%CRCLON
90 days-31.65%——

Correlation

0.30over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	CRDOB	CRCLON
Max drawdown (400d)	-50.2%	-30.7%
Risk-adjusted return (90d)	-0.33	0.06

Relative strength over 90 days: CRCLON outperformed CRDOB by 40.2% — measured on the CRDOB/CRCLON ratio, so it holds regardless of market direction.

Credo Technology (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →