Enphase Energy (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 224.0× the size of Enphase Energy (Ondo Tokenized) (ENPHON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 56.1 percentage points (ENPHON -34.9% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.20 across 110 shared trading days). Both have run at a similar volatility, around 84% annualised.

Correlation: 0.20
Size ratio: 1 : 224.0
Ahead over 90 days: CRCLB

Enphase Energy (Ondo Tokenized)ENPHON

$30.7300

24h: +9.26%
Market cap: $738,920
Volume 24h: $159,093
Volatility (ann.): 85%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3600

24h: +0.66%
Market cap: $165.52M
Volume 24h: $44.11M
Volatility (ann.): 82%

ENPHON 0.4%Share of the two combined market caps99.6% CRCLB

Performance

ENPHONCRCLB

7 days-6.83%-7.34%ENPHON
30 days-13.98%-10.38%CRCLB
90 days-34.86%+21.21%CRCLB

Correlation

0.20over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 0.251y: 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	ENPHON	CRCLB
Max drawdown (400d)	-55.8%	-31.5%
Risk-adjusted return (90d)	-0.60	0.25

Relative strength over 90 days: CRCLB outperformed ENPHON by 51.8% — measured on the ENPHON/CRCLB ratio, so it holds regardless of market direction.

Enphase Energy (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →