Keel Infrastructure (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 4993.7× the size of Keel Infrastructure (Ondo Tokenized) (KEELON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 53.9 percentage points (KEELON -34.7% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.28 across 96 shared trading days). KEELON has been the more volatile of the two, at 115% annualised against CRCLB's 82%.

Correlation: 0.28
Size ratio: 1 : 4993.7
Ahead over 90 days: CRCLB

Keel Infrastructure (Ondo Tokenized)KEELON

$2.1500

24h: +2.91%
Market cap: $29,905
Volume 24h: $152,811
Volatility (ann.): 115%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.9600

24h: -11.11%
Market cap: $149.34M
Volume 24h: $40.83M
Volatility (ann.): 82%

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

Performance

KEELONCRCLB

7 days-8.64%-5.56%CRCLB
30 days+15.66%-9.22%KEELON
90 days-34.69%+19.24%CRCLB

Correlation

0.28over 96 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 0.301y: 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	KEELON	CRCLB
Max drawdown (400d)	-49.3%	-31.5%
Risk-adjusted return (90d)	-0.30	0.23

Relative strength over 90 days: CRCLB outperformed KEELON by 51.7% — measured on the KEELON/CRCLB ratio, so it holds regardless of market direction.

Keel Infrastructure (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →