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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 12.7× the size of iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON) by market capitalisation. Over the past 30 days, EEMON is ahead by 16.6 percentage points (EEMON -0.1% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.05 across 24 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against EEMON's 22%.

Correlation: 0.05
Size ratio: 1 : 12.7
Ahead over 30 days: EEMON

iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF)EEMON

$61.2600

24h: -1.56%
Market cap: $6.83M
Volume 24h: $146
Volatility (ann.): 22%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

EEMON 7.3%Share of the two combined market caps92.7% CRCLON

Performance

EEMONCRCLON

7 days-2.38%-6.27%EEMON
30 days-0.06%-16.67%EEMON

Correlation

0.05over 24 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	EEMON	CRCLON
Max drawdown (400d)	-5.3%	-30.7%
Risk-adjusted return (90d)	0.00	0.06

Relative strength over 90 days: EEMON outperformed CRCLON by 2.7% — measured on the EEMON/CRCLON ratio, so it holds regardless of market direction.

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