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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 828.6× the size of KLA (Ondo Tokenized) (KLACON) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 30 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against KLACON's 50%.

Correlation: 0.09
Size ratio: 1 : 828.6

KLA (Ondo Tokenized)KLACON

$1,471.38

24h: -3.07%
Market cap: $170,584
Volume 24h: $3,052
Volatility (ann.): 50%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.2500

24h: -10.98%
Market cap: $141.35M
Volume 24h: $35.58M
Volatility (ann.): 82%

KLACON 0.1%Share of the two combined market caps99.9% CRCLB

Performance

KLACONCRCLB

7 days+9.86%-5.56%KLACON
30 days+19.99%-9.22%KLACON
90 days—+19.24%—

Correlation

0.09over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	KLACON	CRCLB
Max drawdown (400d)	-11.4%	-31.5%
Risk-adjusted return (90d)	0.40	0.23

Relative strength over 90 days: KLACON outperformed CRCLB by 49.2% — measured on the KLACON/CRCLB ratio, so it holds regardless of market direction.

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