MACOM Technology Solutions Holdings (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1049.7× the size of MACOM Technology Solutions Holdings (Ondo Tokenized) (MTSION) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 27 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against MTSION's 71%.

Correlation: -0.13
Size ratio: 1 : 1049.7

MACOM Technology Solutions Holdings (Ondo Tokenized)MTSION

$231.7600

24h: +2.20%
Market cap: $151,193
Volume 24h: $4,789
Volatility (ann.): 71%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2000

24h: +1.36%
Market cap: $158.71M
Volume 24h: $34.71M
Volatility (ann.): 82%

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

Performance

MTSIONCRCLB

7 days+3.85%-5.56%MTSION
30 days+9.92%-9.22%MTSION
90 days—+19.24%—

Correlation

-0.13over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	MTSION	CRCLB
Max drawdown (400d)	-16.1%	-31.5%
Risk-adjusted return (90d)	0.14	0.23

Relative strength over 90 days: MTSION outperformed CRCLB by 17.4% — measured on the MTSION/CRCLB ratio, so it holds regardless of market direction.

MACOM Technology Solutions Holdings (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →