Intel (Backpack Securities) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 201.7× the size of Intel (Backpack Securities) (INTC) by market capitalisation. Over the past 30 days, CRCLON is ahead by 24.4 percentage points (INTC -41.0% against CRCLON -16.7%). Their daily returns move loosely together (correlation 0.37 across 28 shared trading days). INTC has been the more volatile of the two, at 123% annualised against CRCLON's 98%.

Correlation: 0.37
Size ratio: 1 : 201.7
Ahead over 30 days: CRCLON

Intel (Backpack Securities)INTC

$59.0700

24h: -3.79%
Market cap: $445,582
Volume 24h: $446,797
Volatility (ann.): 123%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.3500

24h: +1.02%
Market cap: $89.88M
Volume 24h: $1.40M
Volatility (ann.): 98%

INTC 0.5%Share of the two combined market caps99.5% CRCLON

Performance

INTCCRCLON

7 days-48.92%-6.27%CRCLON
30 days-41.05%-16.67%CRCLON

Correlation

0.37over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	INTC	CRCLON
Max drawdown (400d)	-53.0%	-30.7%
Risk-adjusted return (90d)	-0.25	0.06

Relative strength over 90 days: CRCLON outperformed INTC by 18.6% — measured on the INTC/CRCLON ratio, so it holds regardless of market direction.

Intel (Backpack Securities) →Circle Internet Group (Ondo Tokenized Stock) →