Freeport-McMoRan (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 7888.9× the size of Freeport-McMoRan (Ondo Tokenized) (FCXON) by market capitalisation. Over the past 90 days, FCXON is ahead by 10.9 percentage points (FCXON +12.6% against CRCLB +1.7%). Their daily returns move barely together (correlation 0.27 across 110 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against FCXON's 51%.

Correlation: 0.27
Size ratio: 1 : 7888.9
Ahead over 90 days: FCXON

Freeport-McMoRan (Ondo Tokenized)FCXON

$58.3200

24h: -7.69%
Market cap: $19,133
Volume 24h: $149,624
Volatility (ann.): 51%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.1400

24h: -9.37%
Market cap: $150.94M
Volume 24h: $44.40M
Volatility (ann.): 83%

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

Performance

FCXONCRCLB

7 days-2.83%-10.02%FCXON
30 days-6.88%-18.89%FCXON
90 days+12.62%+1.70%FCXON

Correlation

0.27over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 0.341y: 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	FCXON	CRCLB
Max drawdown (400d)	-20.7%	-35.4%
Risk-adjusted return (90d)	0.27	0.02

Relative strength over 90 days: CRCLB outperformed FCXON by 16.7% — measured on the FCXON/CRCLB ratio, so it holds regardless of market direction.

Freeport-McMoRan (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →