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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 92.9× the size of Fluence Energy (bStocks Tokenized Stock) (FLNCB) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 56 shared trading days). Both have run at a similar volatility, around 104% annualised.

Correlation: 0.42
Size ratio: 1 : 92.9

Fluence Energy (bStocks Tokenized Stock)FLNCB

$6.4500

24h: -0.19%
Market cap: $974,478
Volume 24h: $128,425
Volatility (ann.): 109%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9500

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

FLNCB 1.1%Share of the two combined market caps98.9% CRCLON

Performance

FLNCBCRCLON

7 days-9.05%-6.27%CRCLON
30 days-27.24%-16.67%CRCLON
90 days-48.94%——

Correlation

0.42over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	FLNCB	CRCLON
Max drawdown (400d)	-66.8%	-30.7%
Risk-adjusted return (90d)	-0.57	0.06

Relative strength over 90 days: CRCLON outperformed FLNCB by 55.4% — measured on the FLNCB/CRCLON ratio, so it holds regardless of market direction.

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