Exxon Mobil xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 131.2× the size of Exxon Mobil xStock (XOMX) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against XOMX's 35%.

Correlation: 0.20
Size ratio: 1 : 131.2

Exxon Mobil xStockXOMX

$178.7000

24h: -2.13%
Market cap: $689,560
Volume 24h: $4,154
Volatility (ann.): 35%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9500

24h: +3.62%
Market cap: $90.50M
Volume 24h: $1.47M
Volatility (ann.): 98%

XOMX 0.8%Share of the two combined market caps99.2% CRCLON

Performance

XOMXCRCLON

7 days+0.11%-6.27%XOMX
30 days-0.63%-16.67%XOMX
90 days+22.97%——

Correlation

0.20over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	XOMX	CRCLON
Max drawdown (400d)	-21.1%	-30.7%
Risk-adjusted return (90d)	0.69	0.06

Relative strength over 90 days: CRCLON outperformed XOMX by 15.5% — measured on the XOMX/CRCLON ratio, so it holds regardless of market direction.

Exxon Mobil xStock →Circle Internet Group (Ondo Tokenized Stock) →