iShares MSCI EAFE ETF (Ondo Tokenized ETF) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 8.1× the size of iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON) by market capitalisation. Over the past 30 days, EFAON is ahead by 12.7 percentage points (EFAON -4.0% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.29 across 23 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against EFAON's 65%.

Correlation: 0.29
Size ratio: 1 : 8.1
Ahead over 30 days: EFAON

iShares MSCI EAFE ETF (Ondo Tokenized ETF)EFAON

$105.7000

24h: -0.49%
Market cap: $11.08M
Volume 24h: $1
Volatility (ann.): 65%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.1200

24h: +5.01%
Market cap: $89.79M
Volume 24h: $697,234
Volatility (ann.): 98%

EFAON 11.0%Share of the two combined market caps89.0% CRCLON

Performance

EFAONCRCLON

7 days-0.50%-6.27%EFAON
30 days-3.99%-16.67%EFAON

Correlation

0.29over 23 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	EFAON	CRCLON
Max drawdown (400d)	-14.9%	-30.7%
Risk-adjusted return (90d)	-0.06	0.06

Relative strength over 90 days: CRCLON outperformed EFAON by 1.3% — measured on the EFAON/CRCLON ratio, so it holds regardless of market direction.

iShares MSCI EAFE ETF (Ondo Tokenized ETF) →Circle Internet Group (Ondo Tokenized Stock) →