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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 17.1× the size of Marvell Technology (Ondo Tokenized Stock) (MRVLON) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 110 shared trading days). Both have run at a similar volatility, around 87% annualised.

Correlation: 0.26
Size ratio: 1 : 17.1

Marvell Technology (Ondo Tokenized Stock)MRVLON

$166.7100

24h: -4.95%
Market cap: $9.60M
Volume 24h: $2.13M
Volatility (ann.): 93%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3100

24h: +5.16%
Market cap: $164.29M
Volume 24h: $25.39M
Volatility (ann.): 82%

MRVLON 5.5%Share of the two combined market caps94.5% CRCLB

Performance

MRVLONCRCLB

7 days-1.94%-7.34%MRVLON
30 days+17.30%-10.38%MRVLON
90 days-14.22%+21.21%CRCLB
1 year+177.15%——

Correlation

0.26over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 0.351y: 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	MRVLON	CRCLB
Max drawdown (400d)	-48.9%	-31.5%
Risk-adjusted return (90d)	-0.15	0.25

Relative strength over 90 days: CRCLB outperformed MRVLON by 36.5% — measured on the MRVLON/CRCLB ratio, so it holds regardless of market direction.

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