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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 127.0× the size of Direxion Daily Semi Bull 3X ETF (Ondo Tokenized) (SOXLON) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 38 shared trading days). SOXLON has been the more volatile of the two, at 182% annualised against CRCLON's 97%.

Correlation: 0.03
Size ratio: 1 : 127.0

Direxion Daily Semi Bull 3X ETF (Ondo Tokenized)SOXLON

$63.7500

24h: -10.56%
Market cap: $696,823
Volume 24h: $2.08M
Volatility (ann.): 182%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.1600

24h: +0.53%
Market cap: $88.48M
Volume 24h: $1.60M
Volatility (ann.): 97%

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

Performance

SOXLONCRCLON

7 days-50.74%-5.63%CRCLON
30 days-31.48%-15.88%CRCLON
90 days-62.73%——

Correlation

0.03over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	SOXLON	CRCLON
Max drawdown (400d)	-62.8%	-30.7%
Risk-adjusted return (90d)	-0.35	0.06

Relative strength over 90 days: CRCLON outperformed SOXLON by 46.4% — measured on the SOXLON/CRCLON ratio, so it holds regardless of market direction.

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