FuelCell Energy (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 49035.1× the size of FuelCell Energy (Ondo Tokenized) (FCELON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 35 shared trading days). FCELON has been the more volatile of the two, at 129% annualised against CRCLON's 97%.

Correlation: -0.09
Size ratio: 1 : 49035.1

FuelCell Energy (Ondo Tokenized)FCELON

$11.1100

24h: +4.62%
Market cap: $1,825
Volume 24h: $155,631
Volatility (ann.): 129%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.9900

24h: +2.18%
Market cap: $89.50M
Volume 24h: $1.65M
Volatility (ann.): 97%

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

Performance

FCELONCRCLON

7 days-8.58%-5.63%CRCLON
30 days-8.53%-15.88%FCELON
90 days-28.19%——

Correlation

-0.09over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	FCELON	CRCLON
Max drawdown (400d)	-38.7%	-30.7%
Risk-adjusted return (90d)	-0.22	0.06

Relative strength over 90 days: CRCLON outperformed FCELON by 36.9% — measured on the FCELON/CRCLON ratio, so it holds regardless of market direction.

FuelCell Energy (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →