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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 349.9× the size of Credo Technology Group Holding (Ondo Tokenized) (CRDOON) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 35 shared trading days). Both have run at a similar volatility, around 100% annualised.

Correlation: 0.17
Size ratio: 1 : 349.9

Credo Technology Group Holding (Ondo Tokenized)CRDOON

$133.3100

24h: -9.14%
Market cap: $233,365
Volume 24h: $482,770
Volatility (ann.): 103%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$69.3500

24h: -5.53%
Market cap: $81.65M
Volume 24h: $1.12M
Volatility (ann.): 97%

CRDOON 0.3%Share of the two combined market caps99.7% CRCLON

Performance

CRDOONCRCLON

7 days+6.49%-5.63%CRDOON
30 days-13.12%-15.88%CRDOON
90 days-22.67%——

Correlation

0.17over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	CRDOON	CRCLON
Max drawdown (400d)	-46.9%	-30.7%
Risk-adjusted return (90d)	-0.22	0.06

Relative strength over 90 days: CRCLON outperformed CRDOON by 30.2% — measured on the CRDOON/CRCLON ratio, so it holds regardless of market direction.

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