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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 230.1× the size of MercadoLibre (Ondo Tokenized Stock) (MELION) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.29 across 31 shared trading days). MELION has been the more volatile of the two, at 101% annualised against CRCLB's 82%.

Correlation: -0.29
Size ratio: 1 : 230.1

MercadoLibre (Ondo Tokenized Stock)MELION

$1,646.79

24h: -2.41%
Market cap: $694,467
Volume 24h: $24
Volatility (ann.): 101%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.3300

24h: +1.39%
Market cap: $159.79M
Volume 24h: $29.30M
Volatility (ann.): 82%

MELION 0.4%Share of the two combined market caps99.6% CRCLB

Performance

MELIONCRCLB

7 days+21.76%-7.34%MELION
30 days+13.61%-10.38%MELION
90 days—+21.21%—

Correlation

-0.29over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2990d: 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	MELION	CRCLB
Max drawdown (400d)	-14.6%	-31.5%
Risk-adjusted return (90d)	0.13	0.25

Relative strength over 90 days: MELION outperformed CRCLB by 46.8% — measured on the MELION/CRCLB ratio, so it holds regardless of market direction.

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