Himax Technologies (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 5904.7× the size of Himax Technologies (Ondo Tokenized) (HIMXON) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 27 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against HIMXON's 64%.

Correlation: 0.13
Size ratio: 1 : 5904.7

Himax Technologies (Ondo Tokenized)HIMXON

$10.5100

24h: -2.39%
Market cap: $25,291
Volume 24h: $308
Volatility (ann.): 64%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.9600

24h: -11.11%
Market cap: $149.34M
Volume 24h: $40.83M
Volatility (ann.): 82%

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

Performance

HIMXONCRCLB

7 days+5.36%-5.56%HIMXON
30 days+12.39%-9.22%HIMXON
90 days—+19.24%—

Correlation

0.13over 27 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	HIMXON	CRCLB
Max drawdown (400d)	-11.5%	-31.5%
Risk-adjusted return (90d)	0.19	0.23

Relative strength over 90 days: HIMXON outperformed CRCLB by 39.7% — measured on the HIMXON/CRCLB ratio, so it holds regardless of market direction.

Himax Technologies (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →