Nebius Group (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 46.2× the size of Nebius Group (Ondo Tokenized) (NBISON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 52.3 percentage points (NBISON -31.1% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.22 across 118 shared trading days). NBISON has been the more volatile of the two, at 129% annualised against CRCLB's 82%.

Correlation: 0.22
Size ratio: 1 : 46.2
Ahead over 90 days: CRCLB

Nebius Group (Ondo Tokenized)NBISON

$146.3500

24h: +1.65%
Market cap: $3.62M
Volume 24h: $1.35M
Volatility (ann.): 129%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.9600

24h: +1.47%
Market cap: $167.28M
Volume 24h: $43.06M
Volatility (ann.): 82%

NBISON 2.1%Share of the two combined market caps97.9% CRCLB

Performance

NBISONCRCLB

7 days-4.49%-7.34%NBISON
30 days-33.20%-10.38%CRCLB
90 days-31.07%+21.21%CRCLB

Correlation

0.22over 118 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 0.281y: 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	NBISON	CRCLB
Max drawdown (400d)	-49.2%	-31.5%
Risk-adjusted return (90d)	-0.22	0.25

Relative strength over 90 days: CRCLB outperformed NBISON by 41.3% — measured on the NBISON/CRCLB ratio, so it holds regardless of market direction.

Nebius Group (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →