MaxLinear (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 15541.2× the size of MaxLinear (Ondo Tokenized) (MXLON) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 43 shared trading days). MXLON has been the more volatile of the two, at 128% annualised against CRCLON's 97%.

Correlation: 0.10
Size ratio: 1 : 15541.2

MaxLinear (Ondo Tokenized)MXLON

$55.3500

24h: -11.35%
Market cap: $5,753
Volume 24h: $139,281
Volatility (ann.): 128%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.9500

24h: +3.01%
Market cap: $89.41M
Volume 24h: $1.65M
Volatility (ann.): 97%

MXLON 0.0%Share of the two combined market caps100.0% CRCLON

Performance

MXLONCRCLON

7 days-0.05%-5.63%MXLON
30 days+3.12%-15.88%MXLON
90 days-20.33%——

Correlation

0.10over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	MXLON	CRCLON
Max drawdown (400d)	-32.4%	-30.7%
Risk-adjusted return (90d)	-0.16	0.06

Relative strength over 90 days: CRCLON outperformed MXLON by 15.5% — measured on the MXLON/CRCLON ratio, so it holds regardless of market direction.

MaxLinear (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →