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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 4247.0× the size of Freeport-McMoRan (Ondo Tokenized) (FCXON) by market capitalisation. Their daily returns move barely together (correlation 0.35 across 35 shared trading days). CRCLON has been the more volatile of the two, at 100% annualised against FCXON's 51%.

Correlation: 0.35
Size ratio: 1 : 4247.0

Freeport-McMoRan (Ondo Tokenized)FCXON

$58.3200

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$68.8700

24h: -9.50%
Market cap: $81.26M
Volume 24h: $1.32M
Volatility (ann.): 100%

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

Performance

FCXONCRCLON

7 days-2.83%-11.43%FCXON
30 days-6.88%-30.30%FCXON
90 days+12.62%——

Correlation

0.35over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	FCXON	CRCLON
Max drawdown (400d)	-20.7%	-34.9%
Risk-adjusted return (90d)	0.27	-0.05

Relative strength over 90 days: CRCLON outperformed FCXON by 10.1% — measured on the FCXON/CRCLON ratio, so it holds regardless of market direction.

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