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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 31.7× the size of JPMorgan Chase (Ondo Tokenized Stock) (JPMON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.16 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against JPMON's 22%.

Correlation: -0.16
Size ratio: 1 : 31.7

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 (Ondo Tokenized Stock)CRCLON

$75.1900

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

JPMON 3.1%Share of the two combined market caps96.9% CRCLON

Performance

JPMONCRCLON

7 days-0.01%-6.27%JPMON
30 days-4.57%-16.67%JPMON
90 days+2.57%——
1 year+14.71%——

Correlation

-0.16over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	JPMON	CRCLON
Max drawdown (400d)	-15.6%	-30.7%
Risk-adjusted return (90d)	0.14	0.06

Relative strength over 90 days: CRCLON outperformed JPMON by 21.3% — measured on the JPMON/CRCLON ratio, so it holds regardless of market direction.

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