iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 7.2× the size of iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) by market capitalisation. Over the past 30 days, ITOTON is ahead by 16.0 percentage points (ITOTON -0.7% against CRCLON -16.7%). Their daily returns move loosely together (correlation 0.35 across 21 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against ITOTON's 42%.

Correlation: 0.35
Size ratio: 1 : 7.2
Ahead over 30 days: ITOTON

iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF)ITOTON

$166.3400

24h: —
Market cap: $12.49M
Volume 24h: —
Volatility (ann.): 42%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.3500

24h: +1.01%
Market cap: $89.88M
Volume 24h: $1.40M
Volatility (ann.): 98%

ITOTON 12.2%Share of the two combined market caps87.8% CRCLON

Performance

ITOTONCRCLON

7 days+1.11%-6.27%ITOTON
30 days-0.71%-16.67%ITOTON

Correlation

0.35over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	ITOTON	CRCLON
Max drawdown (400d)	-9.3%	-30.7%
Risk-adjusted return (90d)	-0.02	0.06

Relative strength over 90 days: CRCLON outperformed ITOTON by 1.6% — measured on the ITOTON/CRCLON ratio, so it holds regardless of market direction.

iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) →Circle Internet Group (Ondo Tokenized Stock) →