Intuitive Machines (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 767.8× the size of Intuitive Machines (Ondo Tokenized) (LUNRON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 35 shared trading days). Both have run at a similar volatility, around 104% annualised.

Correlation: -0.01
Size ratio: 1 : 767.8

Intuitive Machines (Ondo Tokenized)LUNRON

$9.9700

24h: -2.52%
Market cap: $113,537
Volume 24h: $154,262
Volatility (ann.): 112%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.0500

24h: +0.34%
Market cap: $87.18M
Volume 24h: $1.21M
Volatility (ann.): 97%

LUNRON 0.1%Share of the two combined market caps99.9% CRCLON

Performance

LUNRONCRCLON

7 days-3.36%-5.63%LUNRON
30 days-1.04%-15.88%LUNRON
90 days-33.05%——

Correlation

-0.01over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	LUNRON	CRCLON
Max drawdown (400d)	-75.1%	-30.7%
Risk-adjusted return (90d)	-0.38	0.06

Relative strength over 90 days: CRCLON outperformed LUNRON by 32.9% — measured on the LUNRON/CRCLON ratio, so it holds regardless of market direction.

Intuitive Machines (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →