Marvell Technology (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 11.0× the size of Marvell Technology (bStocks Tokenized Stock) (MRVLB) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 56 shared trading days). Both have run at a similar volatility, around 95% annualised.

Correlation: 0.24
Size ratio: 1 : 11.0

Marvell Technology (bStocks Tokenized Stock)MRVLB

$165.9000

24h: -1.36%
Market cap: $7.91M
Volume 24h: $732,109
Volatility (ann.): 92%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

MRVLB 8.3%Share of the two combined market caps91.7% CRCLON

Performance

MRVLBCRCLON

7 days-29.58%-6.27%CRCLON
30 days-37.68%-16.67%CRCLON
90 days-18.35%——

Correlation

0.24over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	MRVLB	CRCLON
Max drawdown (400d)	-40.3%	-30.7%
Risk-adjusted return (90d)	-0.22	0.06

Relative strength over 90 days: CRCLON outperformed MRVLB by 23.7% — measured on the MRVLB/CRCLON ratio, so it holds regardless of market direction.

Marvell Technology (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →