MicroStrategy (Coinbase Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 45.8× the size of MicroStrategy (Coinbase Tokenized Stock) (MSTRC) by market capitalisation. Over the past 30 days, MSTRC is ahead by 5.5 percentage points (MSTRC -10.4% against CRCLON -15.9%). Their daily returns move loosely together (correlation 0.53 across 22 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against MSTRC's 66%.

Correlation: 0.53
Size ratio: 1 : 45.8
Ahead over 30 days: MSTRC

MicroStrategy (Coinbase Tokenized Stock)MSTRC

$132.2800

24h: +0.41%
Market cap: $1.95M
Volume 24h: $19.82M
Volatility (ann.): 66%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.9900

24h: +2.18%
Market cap: $89.50M
Volume 24h: $1.65M
Volatility (ann.): 97%

MSTRC 2.1%Share of the two combined market caps97.9% CRCLON

Performance

MSTRCCRCLON

7 days+1.18%-5.63%MSTRC
30 days-10.36%-15.88%MSTRC

Correlation

0.53over 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	MSTRC	CRCLON
Max drawdown (400d)	-22.7%	-30.7%
Risk-adjusted return (90d)	-0.12	0.06

Relative strength over 90 days: CRCLON outperformed MSTRC by 0.8% — measured on the MSTRC/CRCLON ratio, so it holds regardless of market direction.

MicroStrategy (Coinbase Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →