Eli Lilly and Company (Backpack Securities) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 245.6× the size of Eli Lilly and Company (Backpack Securities) (LLY) by market capitalisation. Over the past 30 days, LLY is ahead by 42.3 percentage points (LLY +26.4% against CRCLON -15.9%). Their daily returns move barely in opposite directions (correlation -0.14 across 29 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against LLY's 46%.

Correlation: -0.14
Size ratio: 1 : 245.6
Ahead over 30 days: LLY

Eli Lilly and Company (Backpack Securities)LLY

$1,432.51

24h: +0.64%
Market cap: $356,004
Volume 24h: $392,730
Volatility (ann.): 46%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.2600

24h: +0.47%
Market cap: $87.44M
Volume 24h: $1.21M
Volatility (ann.): 97%

LLY 0.4%Share of the two combined market caps99.6% CRCLON

Performance

LLYCRCLON

7 days+9.38%-5.63%LLY
30 days+26.41%-15.88%LLY

Correlation

-0.14over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	LLY	CRCLON
Max drawdown (400d)	-4.5%	-30.7%
Risk-adjusted return (90d)	0.49	0.06

Relative strength over 90 days: LLY outperformed CRCLON by 44.0% — measured on the LLY/CRCLON ratio, so it holds regardless of market direction.

Eli Lilly and Company (Backpack Securities) →Circle Internet Group (Ondo Tokenized Stock) →