iShares Core US Aggregate Bond ETF (Ondo Tokenized ETF) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 6.0× the size of iShares Core US Aggregate Bond ETF (Ondo Tokenized ETF) (AGGON) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against AGGON's 9%.

Correlation: 0.08
Size ratio: 1 : 6.0

iShares Core US Aggregate Bond ETF (Ondo Tokenized ETF)AGGON

$96.2900

24h: -0.03%
Market cap: $14.26M
Volume 24h: $120,562
Volatility (ann.): 9%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.2000

24h: -1.20%
Market cap: $86.21M
Volume 24h: $1.14M
Volatility (ann.): 98%

AGGON 14.2%Share of the two combined market caps85.8% CRCLON

Performance

AGGONCRCLON

7 days-1.46%-6.27%AGGON
30 days-2.26%-16.67%AGGON
90 days-2.47%——
1 year-3.10%——

Correlation

0.08over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	AGGON	CRCLON
Max drawdown (400d)	-6.4%	-30.7%
Risk-adjusted return (90d)	-0.21	0.06

Relative strength over 90 days: CRCLON outperformed AGGON by 18.5% — measured on the AGGON/CRCLON ratio, so it holds regardless of market direction.

iShares Core US Aggregate Bond ETF (Ondo Tokenized ETF) →Circle Internet Group (Ondo Tokenized Stock) →