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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 53.1× the size of Equinix (Ondo Tokenized Stock) (EQIXON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against EQIXON's 30%.

Correlation: -0.09
Size ratio: 1 : 53.1

Equinix (Ondo Tokenized Stock)EQIXON

$1,022

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

EQIXON 1.8%Share of the two combined market caps98.2% CRCLON

Performance

EQIXONCRCLON

7 days-4.42%-6.27%EQIXON
30 days-5.37%-16.67%EQIXON
90 days-3.31%——

Correlation

-0.09over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	EQIXON	CRCLON
Max drawdown (400d)	-12.0%	-30.7%
Risk-adjusted return (90d)	-0.11	0.06

Relative strength over 90 days: CRCLON outperformed EQIXON by 22.2% — measured on the EQIXON/CRCLON ratio, so it holds regardless of market direction.

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