Marvell xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 16.5× the size of Marvell xStock (MRVLX) by market capitalisation. Over the past 30 days, MRVLX is ahead by 7.8 percentage points (MRVLX -8.8% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.08 across 32 shared trading days). Both have run at a similar volatility, around 100% annualised.

Correlation: 0.08
Size ratio: 1 : 16.5
Ahead over 30 days: MRVLX

Marvell xStockMRVLX

$165.7300

24h: -5.60%
Market cap: $5.39M
Volume 24h: $14,375
Volatility (ann.): 102%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

24h: +5.60%
Market cap: $89.21M
Volume 24h: $693,303
Volatility (ann.): 98%

MRVLX 5.7%Share of the two combined market caps94.3% CRCLON

Performance

MRVLXCRCLON

7 days-14.48%-6.27%CRCLON
30 days-8.84%-16.67%MRVLX

Correlation

0.08over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	MRVLX	CRCLON
Max drawdown (400d)	-34.3%	-30.7%
Risk-adjusted return (90d)	-0.07	0.06

Relative strength over 90 days: MRVLX outperformed CRCLON by 13.1% — measured on the MRVLX/CRCLON ratio, so it holds regardless of market direction.

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