Global X Copper Miners ETF (Ondo Tokenized ETF) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 85.3× the size of Global X Copper Miners ETF (Ondo Tokenized ETF) (COPXON) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 45 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against COPXON's 66%.

Correlation: 0.32
Size ratio: 1 : 85.3

Global X Copper Miners ETF (Ondo Tokenized ETF)COPXON

$72.2400

24h: -2.94%
Market cap: $1.06M
Volume 24h: $670,099
Volatility (ann.): 66%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.7400

24h: +6.28%
Market cap: $90.54M
Volume 24h: $858,448
Volatility (ann.): 98%

COPXON 1.2%Share of the two combined market caps98.8% CRCLON

Performance

COPXONCRCLON

7 days-4.84%-6.27%COPXON
30 days-23.92%-16.67%CRCLON
90 days-5.00%——

Correlation

0.32over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	COPXON	CRCLON
Max drawdown (400d)	-29.6%	-30.7%
Risk-adjusted return (90d)	-0.10	0.06

Relative strength over 90 days: CRCLON outperformed COPXON by 20.6% — measured on the COPXON/CRCLON ratio, so it holds regardless of market direction.

Global X Copper Miners ETF (Ondo Tokenized ETF) →Circle Internet Group (Ondo Tokenized Stock) →