Microsoft xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 11.8× the size of Microsoft xStock (MSFTX) by market capitalisation. Over the past 30 days, MSFTX is ahead by 17.7 percentage points (MSFTX +1.1% against CRCLON -16.7%). Their daily returns move closely together (correlation 0.73 across 24 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against MSFTX's 26%.

Correlation: 0.73
Size ratio: 1 : 11.8
Ahead over 30 days: MSFTX

Microsoft xStockMSFTX

$514.7300

24h: +0.97%
Market cap: $7.68M
Volume 24h: $602,783
Volatility (ann.): 26%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9600

24h: +1.30%
Market cap: $90.61M
Volume 24h: $1.69M
Volatility (ann.): 98%

MSFTX 7.8%Share of the two combined market caps92.2% CRCLON

Performance

MSFTXCRCLON

7 days+3.27%-6.27%MSFTX
30 days+1.06%-16.67%MSFTX

Correlation

0.73over 24 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	MSFTX	CRCLON
Max drawdown (400d)	-4.9%	-30.7%
Risk-adjusted return (90d)	0.04	0.06

Relative strength over 90 days: MSFTX outperformed CRCLON by 3.9% — measured on the MSFTX/CRCLON ratio, so it holds regardless of market direction.

Microsoft xStock →Circle Internet Group (Ondo Tokenized Stock) →