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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 5710.3× the size of Fluence Energy (Ondo Tokenized) (FLNCON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.22 across 27 shared trading days). Both have run at a similar volatility, around 84% annualised.

Correlation: -0.22
Size ratio: 1 : 5710.3

Fluence Energy (Ondo Tokenized)FLNCON

$6.0000

24h: +10.01%
Market cap: $26,152
Volume 24h: $372
Volatility (ann.): 86%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.9600

24h: -11.11%
Market cap: $149.34M
Volume 24h: $40.83M
Volatility (ann.): 82%

FLNCON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

FLNCONCRCLB

7 days-2.07%-5.56%FLNCON
30 days-31.31%-9.22%CRCLB
90 days—+19.24%—

Correlation

-0.22over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	FLNCON	CRCLB
Max drawdown (400d)	-33.9%	-31.5%
Risk-adjusted return (90d)	-0.37	0.23

Relative strength over 90 days: CRCLB outperformed FLNCON by 19.3% — measured on the FLNCON/CRCLB ratio, so it holds regardless of market direction.

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