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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 2702.8× the size of Hubbell (Ondo Tokenized) (HUBBON) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 26 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against HUBBON's 35%.

Correlation: 0.03
Size ratio: 1 : 2702.8

Hubbell (Ondo Tokenized)HUBBON

$437.7700

24h: -4.87%
Market cap: $54,660
Volume 24h: $3,184
Volatility (ann.): 35%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.5800

24h: -12.59%
Market cap: $147.74M
Volume 24h: $38.45M
Volatility (ann.): 82%

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

Performance

HUBBONCRCLB

7 days+0.43%-5.56%HUBBON
30 days+1.88%-9.22%HUBBON
90 days—+19.24%—

Correlation

0.03over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	HUBBON	CRCLB
Max drawdown (400d)	-5.9%	-31.5%
Risk-adjusted return (90d)	0.05	0.23

Relative strength over 90 days: HUBBON outperformed CRCLB by 26.7% — measured on the HUBBON/CRCLB ratio, so it holds regardless of market direction.

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