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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 4737.4× the size of Hesai Group (Ondo Tokenized) (HSAION) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 26 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against HSAION's 45%.

Correlation: 0.28
Size ratio: 1 : 4737.4

Hesai Group (Ondo Tokenized)HSAION

$13.2700

24h: -0.54%
Market cap: $31,780
Volume 24h: $1,296
Volatility (ann.): 45%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.6800

24h: -10.07%
Market cap: $150.55M
Volume 24h: $44.41M
Volatility (ann.): 83%

HSAION 0.0%Share of the two combined market caps100.0% CRCLB

Performance

HSAIONCRCLB

7 days-5.59%-10.02%HSAION
30 days-16.78%-18.89%HSAION
90 days—+1.70%—

Correlation

0.28over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	HSAION	CRCLB
Max drawdown (400d)	-18.6%	-35.4%
Risk-adjusted return (90d)	-0.37	0.02

Relative strength over 90 days: HSAION outperformed CRCLB by 3.5% — measured on the HSAION/CRCLB ratio, so it holds regardless of market direction.

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