Lam Research (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 245.3× the size of Lam Research (Ondo Tokenized) (LRCXON) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against LRCXON's 66%.

Correlation: 0.18
Size ratio: 1 : 245.3

Lam Research (Ondo Tokenized)LRCXON

$216.4100

24h: -3.10%
Market cap: $360,954
Volume 24h: $575,087
Volatility (ann.): 66%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.2100

24h: +1.02%
Market cap: $88.55M
Volume 24h: $1.61M
Volatility (ann.): 97%

LRCXON 0.4%Share of the two combined market caps99.6% CRCLON

Performance

LRCXONCRCLON

7 days+2.17%-5.63%LRCXON
30 days+2.26%-15.88%LRCXON
90 days-27.93%——

Correlation

0.18over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	LRCXON	CRCLON
Max drawdown (400d)	-38.3%	-30.7%
Risk-adjusted return (90d)	-0.40	0.06

Relative strength over 90 days: CRCLON outperformed LRCXON by 20.3% — measured on the LRCXON/CRCLON ratio, so it holds regardless of market direction.

Lam Research (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →