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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 367.2× the size of Moderna (Ondo Tokenized) (MRNAON) by market capitalisation. Over the past 30 days, MRNAON is ahead by 73.4 percentage points (MRNAON +57.6% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.27 across 40 shared trading days). Both have run at a similar volatility, around 91% annualised.

Correlation: 0.27
Size ratio: 1 : 367.2
Ahead over 30 days: MRNAON

Moderna (Ondo Tokenized)MRNAON

$258.3800

24h: +13.47%
Market cap: $222,388
Volume 24h: $401,190
Volatility (ann.): 85%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$69.3500

24h: -5.53%
Market cap: $81.65M
Volume 24h: $1.12M
Volatility (ann.): 97%

MRNAON 0.3%Share of the two combined market caps99.7% CRCLON

Performance

MRNAONCRCLON

7 days+14.97%-5.63%MRNAON
30 days+57.57%-15.88%MRNAON

Correlation

0.27over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	MRNAON	CRCLON
Max drawdown (400d)	-14.0%	-30.7%
Risk-adjusted return (90d)	0.88	0.06

Relative strength over 90 days: MRNAON outperformed CRCLON by 91.5% — measured on the MRNAON/CRCLON ratio, so it holds regardless of market direction.

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