Eli Lilly (Ondo Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 11.0× the size of Eli Lilly (Ondo Tokenized Stock) (LLYON) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against LLYON's 34%.

Correlation: 0.28
Size ratio: 1 : 11.0

Eli Lilly (Ondo Tokenized Stock)LLYON

$1,431.51

24h: +1.04%
Market cap: $8.15M
Volume 24h: $1.39M
Volatility (ann.): 34%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5900

24h: +4.73%
Market cap: $89.29M
Volume 24h: $678,972
Volatility (ann.): 98%

LLYON 8.4%Share of the two combined market caps91.6% CRCLON

Performance

LLYONCRCLON

7 days+1.23%-6.27%LLYON
30 days+0.99%-16.67%LLYON
90 days-0.41%——
1 year+44.21%——

Correlation

0.28over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	LLYON	CRCLON
Max drawdown (400d)	-23.0%	-30.7%
Risk-adjusted return (90d)	-0.01	0.06

Relative strength over 90 days: CRCLON outperformed LLYON by 19.0% — measured on the LLYON/CRCLON ratio, so it holds regardless of market direction.

Eli Lilly (Ondo Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →