Dell Technologies (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 118.0× the size of Dell Technologies (Ondo Tokenized) (DELLON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against DELLON's 74%.

Correlation: -0.04
Size ratio: 1 : 118.0

Dell Technologies (Ondo Tokenized)DELLON

$402.0800

24h: +1.17%
Market cap: $742,343
Volume 24h: $287,895
Volatility (ann.): 74%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.3200

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

DELLON 0.8%Share of the two combined market caps99.2% CRCLON

Performance

DELLONCRCLON

7 days-4.23%-6.27%DELLON
30 days+21.12%-16.67%DELLON
90 days+29.34%——

Correlation

-0.04over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	DELLON	CRCLON
Max drawdown (400d)	-19.4%	-30.7%
Risk-adjusted return (90d)	0.39	0.06

Relative strength over 90 days: DELLON outperformed CRCLON by 0.1% — measured on the DELLON/CRCLON ratio, so it holds regardless of market direction.

Dell Technologies (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →