Goldman Sachs (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 136.0× the size of Goldman Sachs (bStocks Tokenized Stock) (GSB) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 56 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against GSB's 25%.

Correlation: 0.42
Size ratio: 1 : 136.0

Goldman Sachs (bStocks Tokenized Stock)GSB

$917.9900

24h: +0.02%
Market cap: $651,616
Volume 24h: $44,293
Volatility (ann.): 25%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.2300

24h: -0.49%
Market cap: $88.59M
Volume 24h: $1.62M
Volatility (ann.): 98%

GSB 0.7%Share of the two combined market caps99.3% CRCLON

Performance

GSBCRCLON

7 days-1.88%-6.27%GSB
30 days-1.06%-16.67%GSB
90 days-16.10%——

Correlation

0.42over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	GSB	CRCLON
Max drawdown (400d)	-17.9%	-30.7%
Risk-adjusted return (90d)	-0.68	0.06

Relative strength over 90 days: CRCLON outperformed GSB by 18.3% — measured on the GSB/CRCLON ratio, so it holds regardless of market direction.

Goldman Sachs (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →