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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 2678.4× the size of Keel Infrastructure (Ondo Tokenized) (KEELON) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 35 shared trading days). KEELON has been the more volatile of the two, at 115% annualised against CRCLON's 97%.

Correlation: 0.41
Size ratio: 1 : 2678.4

Keel Infrastructure (Ondo Tokenized)KEELON

$2.1500

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$67.8800

24h: -10.78%
Market cap: $80.10M
Volume 24h: $1.30M
Volatility (ann.): 97%

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

Performance

KEELONCRCLON

7 days-8.64%-5.63%CRCLON
30 days+15.66%-15.88%KEELON
90 days-34.69%——

Correlation

0.41over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	KEELON	CRCLON
Max drawdown (400d)	-49.3%	-30.7%
Risk-adjusted return (90d)	-0.30	0.06

Relative strength over 90 days: CRCLON outperformed KEELON by 2.5% — measured on the KEELON/CRCLON ratio, so it holds regardless of market direction.

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