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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 4.1× the size of MicroStrategy (Ondo Tokenized Stock) (MSTRON) by market capitalisation. Over the past 30 days, MSTRON is ahead by 27.0 percentage points (MSTRON +10.3% against CRCLON -16.7%). Their daily returns move very closely together (correlation 0.85 across 27 shared trading days). Both have run at a similar volatility, around 101% annualised.

Correlation: 0.85
Size ratio: 1 : 4.1
Ahead over 30 days: MSTRON

MicroStrategy (Ondo Tokenized Stock)MSTRON

$132.5300

24h: +0.41%
Market cap: $22.01M
Volume 24h: $1.22M
Volatility (ann.): 104%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5900

24h: +4.73%
Market cap: $89.29M
Volume 24h: $678,972
Volatility (ann.): 98%

MSTRON 19.8%Share of the two combined market caps80.2% CRCLON

Performance

MSTRONCRCLON

7 days-13.56%-6.27%CRCLON
30 days+10.32%-16.67%MSTRON

Correlation

0.85over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8590d: 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	MSTRON	CRCLON
Max drawdown (400d)	-13.8%	-30.7%
Risk-adjusted return (90d)	0.05	0.06

Relative strength over 90 days: MSTRON outperformed CRCLON by 23.3% — measured on the MSTRON/CRCLON ratio, so it holds regardless of market direction.

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