Direxion Daily Semi Bear 3X ETF (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 3805.8× the size of Direxion Daily Semi Bear 3X ETF (Ondo Tokenized) (SOXSON) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.36 across 38 shared trading days). SOXSON has been the more volatile of the two, at 180% annualised against CRCLON's 100%.

Correlation: -0.36
Size ratio: 1 : 3805.8

Direxion Daily Semi Bear 3X ETF (Ondo Tokenized)SOXSON

$7.4300

24h: +18.22%
Market cap: $21,208
Volume 24h: $165,332
Volatility (ann.): 180%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$68.3800

24h: -9.62%
Market cap: $80.71M
Volume 24h: $1.14M
Volatility (ann.): 100%

SOXSON 0.0%Share of the two combined market caps100.0% CRCLON

Performance

SOXSONCRCLON

7 days+106.84%-11.43%SOXSON
30 days+31.84%-30.30%SOXSON
90 days+72.96%——

Correlation

-0.36over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3790d: 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	SOXSON	CRCLON
Max drawdown (400d)	-55.3%	-34.9%
Risk-adjusted return (90d)	0.40	-0.05

Relative strength over 90 days: SOXSON outperformed CRCLON by 63.4% — measured on the SOXSON/CRCLON ratio, so it holds regardless of market direction.

Direxion Daily Semi Bear 3X ETF (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →