D-Wave Quantum (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 427.4× the size of D-Wave Quantum (Ondo Tokenized Stock) (QBTSON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 76.0 percentage points (QBTSON -54.8% against CRCLB +21.2%). Their daily returns move barely in opposite directions (correlation -0.27 across 113 shared trading days). QBTSON has been the more volatile of the two, at 553% annualised against CRCLB's 82%.

Correlation: -0.27
Size ratio: 1 : 427.4
Ahead over 90 days: CRCLB

D-Wave Quantum (Ondo Tokenized Stock)QBTSON

$10.1200

24h: -1.13%
Market cap: $387,250
Volume 24h: $795,817
Volatility (ann.): 553%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3000

24h: +0.60%
Market cap: $165.52M
Volume 24h: $44.09M
Volatility (ann.): 82%

QBTSON 0.2%Share of the two combined market caps99.8% CRCLB

Performance

QBTSONCRCLB

7 days-41.40%-7.34%CRCLB
30 days-38.62%-10.38%CRCLB
90 days-54.78%+21.21%CRCLB

Correlation

-0.27over 113 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5190d: -0.321y: 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	QBTSON	CRCLB
Max drawdown (400d)	-80.5%	-31.5%
Risk-adjusted return (90d)	-0.08	0.25

Relative strength over 90 days: CRCLB outperformed QBTSON by 59.6% — measured on the QBTSON/CRCLB ratio, so it holds regardless of market direction.

D-Wave Quantum (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →