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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 125.4× the size of MercadoLibre (Ondo Tokenized Stock) (MELION) by market capitalisation. Over the past 30 days, MELION is ahead by 30.3 percentage points (MELION +13.6% against CRCLON -16.7%). Their daily returns move loosely in opposite directions (correlation -0.41 across 22 shared trading days). Both have run at a similar volatility, around 99% annualised.

Correlation: -0.41
Size ratio: 1 : 125.4
Ahead over 30 days: MELION

MercadoLibre (Ondo Tokenized Stock)MELION

$1,646.79

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.9900

24h: +1.19%
Market cap: $87.11M
Volume 24h: $1.01M
Volatility (ann.): 98%

MELION 0.8%Share of the two combined market caps99.2% CRCLON

Performance

MELIONCRCLON

7 days+21.76%-6.27%MELION
30 days+13.61%-16.67%MELION

Correlation

-0.41over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	CRCLON
Max drawdown (400d)	-14.6%	-30.7%
Risk-adjusted return (90d)	0.13	0.06

Relative strength over 90 days: MELION outperformed CRCLON by 48.4% — measured on the MELION/CRCLON ratio, so it holds regardless of market direction.

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