iShares Russell 2000 ETF (Ondo Tokenized ETF) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 26.9× the size of iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON) by market capitalisation. Over the past 30 days, IWMON is ahead by 11.6 percentage points (IWMON -5.1% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.25 across 23 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against IWMON's 68%.

Correlation: 0.25
Size ratio: 1 : 26.9
Ahead over 30 days: IWMON

iShares Russell 2000 ETF (Ondo Tokenized ETF)IWMON

$280.9900

24h: -0.59%
Market cap: $3.30M
Volume 24h: $28
Volatility (ann.): 68%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.2300

24h: -0.49%
Market cap: $88.59M
Volume 24h: $1.62M
Volatility (ann.): 98%

IWMON 3.6%Share of the two combined market caps96.4% CRCLON

Performance

IWMONCRCLON

7 days-2.16%-6.27%IWMON
30 days-5.06%-16.67%IWMON

Correlation

0.25over 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	IWMON	CRCLON
Max drawdown (400d)	-14.5%	-30.7%
Risk-adjusted return (90d)	-0.07	0.06

Relative strength over 90 days: CRCLON outperformed IWMON by 1.1% — measured on the IWMON/CRCLON ratio, so it holds regardless of market direction.

iShares Russell 2000 ETF (Ondo Tokenized ETF) →Circle Internet Group (Ondo Tokenized Stock) →