Gamestop xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 43.0× the size of Gamestop xStock (GMEX) by market capitalisation. Over the past 30 days, GMEX is ahead by 37.0 percentage points (GMEX +20.3% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.21 across 29 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against GMEX's 48%.

Correlation: 0.21
Size ratio: 1 : 43.0
Ahead over 30 days: GMEX

Gamestop xStockGMEX

$24.0600

24h: -0.51%
Market cap: $2.10M
Volume 24h: $859,068
Volatility (ann.): 48%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9500

24h: +3.62%
Market cap: $90.50M
Volume 24h: $1.47M
Volatility (ann.): 98%

GMEX 2.3%Share of the two combined market caps97.7% CRCLON

Performance

GMEXCRCLON

7 days-0.25%-6.27%GMEX
30 days+20.31%-16.67%GMEX

Correlation

0.21over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	GMEX	CRCLON
Max drawdown (400d)	-6.7%	-30.7%
Risk-adjusted return (90d)	0.67	0.06

Relative strength over 90 days: GMEX outperformed CRCLON by 75.0% — measured on the GMEX/CRCLON ratio, so it holds regardless of market direction.

Gamestop xStock →Circle Internet Group (Ondo Tokenized Stock) →