iShares TIPS Bond ETF (Ondo Tokenized ETF) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 8.0× the size of iShares TIPS Bond ETF (Ondo Tokenized ETF) (TIPON) by market capitalisation. Over the past 30 days, TIPON is ahead by 13.8 percentage points (TIPON -2.8% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.20 across 22 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against TIPON's 58%.

Correlation: 0.20
Size ratio: 1 : 8.0
Ahead over 30 days: TIPON

iShares TIPS Bond ETF (Ondo Tokenized ETF)TIPON

$110.6200

24h: -0.32%
Market cap: $11.10M
Volume 24h: $5
Volatility (ann.): 58%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.1900

24h: +4.70%
Market cap: $88.78M
Volume 24h: $695,113
Volatility (ann.): 98%

TIPON 11.1%Share of the two combined market caps88.9% CRCLON

Performance

TIPONCRCLON

7 days-0.82%-6.27%TIPON
30 days-2.82%-16.67%TIPON

Correlation

0.20over 22 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	TIPON	CRCLON
Max drawdown (400d)	-12.6%	-30.7%
Risk-adjusted return (90d)	-0.05	0.06

Relative strength over 90 days: CRCLON outperformed TIPON by 0.1% — measured on the TIPON/CRCLON ratio, so it holds regardless of market direction.

iShares TIPS Bond ETF (Ondo Tokenized ETF) →Circle Internet Group (Ondo Tokenized Stock) →