Mastercard (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 111.8× the size of Mastercard (Ondo Tokenized Stock) (MAON) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against MAON's 23%.

Correlation: 0.01
Size ratio: 1 : 111.8

Mastercard (Ondo Tokenized Stock)MAON

$650.6800

24h: -1.53%
Market cap: $1.42M
Volume 24h: $596,687
Volatility (ann.): 23%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.7000

24h: +0.49%
Market cap: $158.63M
Volume 24h: $25.34M
Volatility (ann.): 82%

MAON 0.9%Share of the two combined market caps99.1% CRCLB

Performance

MAONCRCLB

7 days+1.95%-7.34%MAON
30 days-4.51%-10.38%MAON
90 days+8.46%+21.21%CRCLB
1 year-0.30%——

Correlation

0.01over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: -0.001y: 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	MAON	CRCLB
Max drawdown (400d)	-18.9%	-31.5%
Risk-adjusted return (90d)	0.39	0.25

Relative strength over 90 days: CRCLB outperformed MAON by 19.3% — measured on the MAON/CRCLB ratio, so it holds regardless of market direction.

Mastercard (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →