Lumentum Holdings (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 214.2× the size of Lumentum Holdings (Ondo Tokenized) (LITEON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 14.1 percentage points (LITEON +7.1% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.11 across 103 shared trading days). LITEON has been the more volatile of the two, at 99% annualised against CRCLB's 82%.

Correlation: 0.11
Size ratio: 1 : 214.2
Ahead over 90 days: CRCLB

Lumentum Holdings (Ondo Tokenized)LITEON

$658.8600

24h: -5.16%
Market cap: $760,042
Volume 24h: $512,851
Volatility (ann.): 99%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.7100

24h: +4.68%
Market cap: $162.80M
Volume 24h: $23.30M
Volatility (ann.): 82%

LITEON 0.5%Share of the two combined market caps99.5% CRCLB

Performance

LITEONCRCLB

7 days-4.30%-7.34%LITEON
30 days+2.49%-10.38%LITEON
90 days+7.09%+21.21%CRCLB

Correlation

0.11over 103 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 0.141y: 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	LITEON	CRCLB
Max drawdown (400d)	-33.3%	-31.5%
Risk-adjusted return (90d)	0.07	0.25

Relative strength over 90 days: CRCLB outperformed LITEON by 20.8% — measured on the LITEON/CRCLB ratio, so it holds regardless of market direction.

Lumentum Holdings (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →