iShares Gold Trust (Ondo Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 51.5× the size of iShares Gold Trust (Ondo Tokenized Stock) (IAUON) by market capitalisation. Their daily returns move loosely together (correlation 0.51 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against IAUON's 31%.

Correlation: 0.51
Size ratio: 1 : 51.5

iShares Gold Trust (Ondo Tokenized Stock)IAUON

$74.1500

24h: -0.21%
Market cap: $1.76M
Volume 24h: $618,275
Volatility (ann.): 31%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.7400

24h: +6.28%
Market cap: $90.54M
Volume 24h: $858,448
Volatility (ann.): 98%

IAUON 1.9%Share of the two combined market caps98.1% CRCLON

Performance

IAUONCRCLON

7 days-4.44%-6.27%IAUON
30 days-6.62%-16.67%IAUON
90 days+3.09%——
1 year-1.12%——

Correlation

0.51over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	IAUON	CRCLON
Max drawdown (400d)	-28.0%	-30.7%
Risk-adjusted return (90d)	0.12	0.06

Relative strength over 90 days: CRCLON outperformed IAUON by 19.4% — measured on the IAUON/CRCLON ratio, so it holds regardless of market direction.

iShares Gold Trust (Ondo Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →