Micron Technology (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1.2× the size of Micron Technology (bStocks Tokenized Stock) (MUB) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 56 shared trading days). Both have run at a similar volatility, around 94% annualised.

Correlation: 0.40
Size ratio: 1 : 1.2

Micron Technology (bStocks Tokenized Stock)MUB

$802.2400

24h: -7.89%
Market cap: $76.73M
Volume 24h: $32.83M
Volatility (ann.): 90%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.1500

24h: +0.57%
Market cap: $89.63M
Volume 24h: $1.66M
Volatility (ann.): 98%

MUB 46.1%Share of the two combined market caps53.9% CRCLON

Performance

MUBCRCLON

7 days-8.61%-6.27%CRCLON
30 days-19.98%-16.67%CRCLON
90 days-1.83%——

Correlation

0.40over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	MUB	CRCLON
Max drawdown (400d)	-40.3%	-30.7%
Risk-adjusted return (90d)	-0.03	0.06

Relative strength over 90 days: CRCLON outperformed MUB by 12.7% — measured on the MUB/CRCLON ratio, so it holds regardless of market direction.

Micron Technology (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →