JPMorgan Chase (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 58.2× the size of JPMorgan Chase (Ondo Tokenized Stock) (JPMON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against JPMON's 22%.

Correlation: -0.01
Size ratio: 1 : 58.2

JPMorgan Chase (Ondo Tokenized Stock)JPMON

$342.6000

24h: -0.59%
Market cap: $2.80M
Volume 24h: $638,371
Volatility (ann.): 22%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.7100

24h: +4.68%
Market cap: $162.80M
Volume 24h: $23.30M
Volatility (ann.): 82%

JPMON 1.7%Share of the two combined market caps98.3% CRCLB

Performance

JPMONCRCLB

7 days-0.01%-7.34%JPMON
30 days-4.57%-10.38%JPMON
90 days+2.57%+21.21%CRCLB
1 year+14.71%——

Correlation

-0.01over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 0.071y: 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	JPMON	CRCLB
Max drawdown (400d)	-15.6%	-31.5%
Risk-adjusted return (90d)	0.14	0.25

Relative strength over 90 days: CRCLB outperformed JPMON by 23.7% — measured on the JPMON/CRCLB ratio, so it holds regardless of market direction.

JPMorgan Chase (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →