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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 275.5× the size of GameStop (Ondo Tokenized Stock) (GMEON) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against GMEON's 45%.

Correlation: 0.17
Size ratio: 1 : 275.5

GameStop (Ondo Tokenized Stock)GMEON

$25.7500

24h: +5.64%
Market cap: $583,801
Volume 24h: $512,039
Volatility (ann.): 45%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.0400

24h: +0.69%
Market cap: $160.82M
Volume 24h: $42.23M
Volatility (ann.): 82%

GMEON 0.4%Share of the two combined market caps99.6% CRCLB

Performance

GMEONCRCLB

7 days-0.38%-5.56%GMEON
30 days+28.57%-9.22%GMEON
90 days+4.37%+19.24%CRCLB
1 year-13.94%——

Correlation

0.17over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 0.141y: 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	GMEON	CRCLB
Max drawdown (400d)	-36.4%	-31.5%
Risk-adjusted return (90d)	0.10	0.23

Relative strength over 90 days: CRCLB outperformed GMEON by 22.8% — measured on the GMEON/CRCLB ratio, so it holds regardless of market direction.

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