Hewlett Packard Enterprise (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 52382.4× the size of Hewlett Packard Enterprise (Ondo Tokenized) (HPEON) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 25 shared trading days). Both have run at a similar volatility, around 84% annualised.

Correlation: 0.02
Size ratio: 1 : 52382.4

Hewlett Packard Enterprise (Ondo Tokenized)HPEON

$54.4200

24h: +5.14%
Market cap: $3,070
Volume 24h: $867
Volatility (ann.): 86%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4000

24h: +1.89%
Market cap: $160.82M
Volume 24h: $43.73M
Volatility (ann.): 82%

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

Performance

HPEONCRCLB

7 days+10.92%-5.56%HPEON
30 days+27.86%-9.22%HPEON
90 days—+19.24%—

Correlation

0.02over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	HPEON	CRCLB
Max drawdown (400d)	-10.6%	-31.5%
Risk-adjusted return (90d)	0.32	0.23

Relative strength over 90 days: HPEON outperformed CRCLB by 50.1% — measured on the HPEON/CRCLB ratio, so it holds regardless of market direction.

Hewlett Packard Enterprise (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →