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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 4.8× the size of iShares Silver Trust (Ondo Tokenized Stock) (SLVON) by market capitalisation. Over the past 30 days, CRCLON is ahead by 7.6 percentage points (SLVON -24.2% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.25 across 36 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against SLVON's 61%.

Correlation: 0.25
Size ratio: 1 : 4.8
Ahead over 30 days: CRCLON

iShares Silver Trust (Ondo Tokenized Stock)SLVON

$44.9400

24h: -1.21%
Market cap: $18.80M
Volume 24h: $1.94M
Volatility (ann.): 61%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.1200

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

SLVON 17.3%Share of the two combined market caps82.7% CRCLON

Performance

SLVONCRCLON

7 days-7.55%-6.27%CRCLON
30 days-24.24%-16.67%CRCLON

Correlation

0.25over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	SLVON	CRCLON
Max drawdown (400d)	-29.1%	-30.7%
Risk-adjusted return (90d)	-0.46	0.06

Relative strength over 90 days: CRCLON outperformed SLVON by 10.6% — measured on the SLVON/CRCLON ratio, so it holds regardless of market direction.

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