GameStop (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 14.1× the size of GameStop (bStocks Tokenized Stock) (GMEB) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 57 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against GMEB's 43%.

Correlation: 0.10
Size ratio: 1 : 14.1

GameStop (bStocks Tokenized Stock)GMEB

$25.1800

24h: -0.67%
Market cap: $6.20M
Volume 24h: $97,325
Volatility (ann.): 43%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.0700

24h: +1.25%
Market cap: $87.21M
Volume 24h: $1.22M
Volatility (ann.): 97%

GMEB 6.6%Share of the two combined market caps93.4% CRCLON

Performance

GMEBCRCLON

7 days+6.89%-5.63%GMEB
30 days-0.67%-15.88%GMEB
90 days+35.64%——

Correlation

0.10over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	GMEB	CRCLON
Max drawdown (400d)	-16.3%	-30.7%
Risk-adjusted return (90d)	0.82	0.06

Relative strength over 90 days: GMEB outperformed CRCLON by 31.0% — measured on the GMEB/CRCLON ratio, so it holds regardless of market direction.

GameStop (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →