JD.com (Ondo Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 68.8× the size of JD.com (Ondo Tokenized Stock) (JDON) by market capitalisation. Their daily returns move barely together (correlation 0.25 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against JDON's 33%.

Correlation: 0.25
Size ratio: 1 : 68.8

JD.com (Ondo Tokenized Stock)JDON

$27.6300

24h: -0.78%
Market cap: $1.26M
Volume 24h: $153,576
Volatility (ann.): 33%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

JDON 1.4%Share of the two combined market caps98.6% CRCLON

Performance

JDONCRCLON

7 days-1.13%-6.27%JDON
30 days-5.74%-16.67%JDON
90 days+5.96%——
1 year-23.00%——

Correlation

0.25over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	JDON	CRCLON
Max drawdown (400d)	-30.1%	-30.7%
Risk-adjusted return (90d)	0.19	0.06

Relative strength over 90 days: CRCLON outperformed JDON by 21.2% — measured on the JDON/CRCLON ratio, so it holds regardless of market direction.

JD.com (Ondo Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →