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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 4.9× the size of Micron Technology (Ondo Tokenized Stock) (MUON) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 52 shared trading days). Both have run at a similar volatility, around 78% annualised.

Correlation: 0.23
Size ratio: 1 : 4.9

Micron Technology (Ondo Tokenized Stock)MUON

$865.3100

24h: +0.84%
Market cap: $33.54M
Volume 24h: $3.57M
Volatility (ann.): 73%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3900

24h: +5.17%
Market cap: $163.95M
Volume 24h: $23.61M
Volatility (ann.): 82%

MUON 17.0%Share of the two combined market caps83.0% CRCLB

Performance

MUONCRCLB

7 days-5.85%-7.34%MUON
30 days-10.63%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.23over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	MUON	CRCLB
Max drawdown (400d)	-22.6%	-31.5%
Risk-adjusted return (90d)	-0.13	0.25

Relative strength over 90 days: MUON outperformed CRCLB by 5.6% — measured on the MUON/CRCLB ratio, so it holds regardless of market direction.

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