Enlivex Therapeutics (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 80661.4× the size of Enlivex Therapeutics (Ondo Tokenized) (ENLVON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.14 across 28 shared trading days). ENLVON has been the more volatile of the two, at 485% annualised against CRCLB's 82%.

Correlation: -0.14
Size ratio: 1 : 80661.4

Enlivex Therapeutics (Ondo Tokenized)ENLVON

$0.006099

24h: +1.53%
Market cap: $2,005
Volume 24h: $83
Volatility (ann.): 485%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.9000

24h: +2.87%
Market cap: $161.75M
Volume 24h: $41.04M
Volatility (ann.): 82%

ENLVON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

ENLVONCRCLB

7 days-19.59%-5.56%CRCLB
30 days-66.00%-9.22%CRCLB
90 days—+19.24%—

Correlation

-0.14over 28 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	ENLVON	CRCLB
Max drawdown (400d)	-76.0%	-31.5%
Risk-adjusted return (90d)	-0.14	0.23

Relative strength over 90 days: CRCLB outperformed ENLVON by 57.7% — measured on the ENLVON/CRCLB ratio, so it holds regardless of market direction.

Enlivex Therapeutics (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →