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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 137.2× the size of Goldman Sachs (Ondo Tokenized Stock) (GSON) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 31 shared trading days). Both have run at a similar volatility, around 84% annualised.

Correlation: 0.44
Size ratio: 1 : 137.2

Goldman Sachs (Ondo Tokenized Stock)GSON

$902.9600

24h: —
Market cap: $1.19M
Volume 24h: $7
Volatility (ann.): 86%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.7100

24h: +4.68%
Market cap: $162.80M
Volume 24h: $23.30M
Volatility (ann.): 82%

GSON 0.7%Share of the two combined market caps99.3% CRCLB

Performance

GSONCRCLB

7 days-19.67%-7.34%CRCLB
30 days-26.61%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.44over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	GSON	CRCLB
Max drawdown (400d)	-28.3%	-31.5%
Risk-adjusted return (90d)	-0.31	0.25

Relative strength over 90 days: CRCLB outperformed GSON by 4.6% — measured on the GSON/CRCLB ratio, so it holds regardless of market direction.

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