Equinix (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 97.6× the size of Equinix (Ondo Tokenized Stock) (EQIXON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 24.5 percentage points (EQIXON -3.3% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.13 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against EQIXON's 30%.

Correlation: 0.13
Size ratio: 1 : 97.6
Ahead over 90 days: CRCLB

Equinix (Ondo Tokenized Stock)EQIXON

$1,022

24h: +1.30%
Market cap: $1.64M
Volume 24h: $154,050
Volatility (ann.): 30%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

EQIXON 1.0%Share of the two combined market caps99.0% CRCLB

Performance

EQIXONCRCLB

7 days-4.42%-7.34%EQIXON
30 days-5.37%-10.38%EQIXON
90 days-3.31%+21.21%CRCLB

Correlation

0.13over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 0.051y: 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	EQIXON	CRCLB
Max drawdown (400d)	-12.0%	-31.5%
Risk-adjusted return (90d)	-0.11	0.25

Relative strength over 90 days: CRCLB outperformed EQIXON by 28.5% — measured on the EQIXON/CRCLB ratio, so it holds regardless of market direction.

Equinix (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →