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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 9.5× the size of Marvell Technology (Ondo Tokenized Stock) (MRVLON) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 35 shared trading days). Both have run at a similar volatility, around 95% annualised.

Correlation: 0.13
Size ratio: 1 : 9.5

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 (Ondo Tokenized Stock)CRCLON

$77.1600

24h: +6.55%
Market cap: $91.03M
Volume 24h: $956,829
Volatility (ann.): 98%

MRVLON 9.5%Share of the two combined market caps90.5% CRCLON

Performance

MRVLONCRCLON

7 days-1.94%-6.27%MRVLON
30 days+17.30%-16.67%MRVLON
90 days-14.22%——
1 year+177.15%——

Correlation

0.13over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	MRVLON	CRCLON
Max drawdown (400d)	-48.9%	-30.7%
Risk-adjusted return (90d)	-0.15	0.06

Relative strength over 90 days: CRCLON outperformed MRVLON by 0.2% — measured on the MRVLON/CRCLON ratio, so it holds regardless of market direction.

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