Kanzhun (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 6332.8× the size of Kanzhun (Ondo Tokenized Stock) (BZON) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 29 shared trading days). Both have run at a similar volatility, around 79% annualised.

Correlation: 0.12
Size ratio: 1 : 6332.8

Kanzhun (Ondo Tokenized Stock)BZON

$17.7900

24h: —
Market cap: $23,290
Volume 24h: $11
Volatility (ann.): 76%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.3500

24h: -9.75%
Market cap: $147.49M
Volume 24h: $34.87M
Volatility (ann.): 82%

BZON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

BZONCRCLB

7 days-0.27%-5.56%BZON
30 days-10.54%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.12over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	BZON	CRCLB
Max drawdown (400d)	-17.6%	-31.5%
Risk-adjusted return (90d)	-0.14	0.23

Relative strength over 90 days: BZON outperformed CRCLB by 5.0% — measured on the BZON/CRCLB ratio, so it holds regardless of market direction.

Kanzhun (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →