MP Materials (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 551.4× the size of MP Materials (Ondo Tokenized) (MPON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 32.1 percentage points (MPON -12.9% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.23 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against MPON's 66%.

Correlation: 0.23
Size ratio: 1 : 551.4
Ahead over 90 days: CRCLB

MP Materials (Ondo Tokenized)MPON

$35.9900

24h: -3.84%
Market cap: $287,862
Volume 24h: $774,897
Volatility (ann.): 66%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.0300

24h: +1.36%
Market cap: $158.71M
Volume 24h: $34.71M
Volatility (ann.): 82%

MPON 0.2%Share of the two combined market caps99.8% CRCLB

Performance

MPONCRCLB

7 days-3.46%-5.56%MPON
30 days-13.23%-9.22%CRCLB
90 days-12.88%+19.24%CRCLB

Correlation

0.23over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 0.291y: 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	MPON	CRCLB
Max drawdown (400d)	-46.1%	-31.5%
Risk-adjusted return (90d)	-0.21	0.23

Relative strength over 90 days: CRCLB outperformed MPON by 35.6% — measured on the MPON/CRCLB ratio, so it holds regardless of market direction.

MP Materials (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →