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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 63.1× the size of IBM (Ondo Tokenized Stock) (IBMON) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against IBMON's 52%.

Correlation: 0.03
Size ratio: 1 : 63.1

IBM (Ondo Tokenized Stock)IBMON

$252.8200

24h: -1.75%
Market cap: $2.65M
Volume 24h: $1.09M
Volatility (ann.): 52%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.5400

24h: +3.53%
Market cap: $166.96M
Volume 24h: $35.40M
Volatility (ann.): 82%

IBMON 1.6%Share of the two combined market caps98.4% CRCLB

Performance

IBMONCRCLB

7 days-2.65%-7.34%IBMON
30 days-4.29%-10.38%IBMON
90 days-19.47%+21.21%CRCLB
1 year-25.23%——

Correlation

0.03over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 0.021y: 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	IBMON	CRCLB
Max drawdown (400d)	-36.9%	-31.5%
Risk-adjusted return (90d)	-0.34	0.25

Relative strength over 90 days: CRCLB outperformed IBMON by 40.4% — measured on the IBMON/CRCLB ratio, so it holds regardless of market direction.

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