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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 25.0× the size of Nebius Group (Ondo Tokenized) (NBISON) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 43 shared trading days). NBISON has been the more volatile of the two, at 129% annualised against CRCLON's 98%.

Correlation: 0.23
Size ratio: 1 : 25.0

Nebius Group (Ondo Tokenized)NBISON

$146.3500

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9100

24h: +1.37%
Market cap: $90.55M
Volume 24h: $1.69M
Volatility (ann.): 98%

NBISON 3.8%Share of the two combined market caps96.2% CRCLON

Performance

NBISONCRCLON

7 days-4.49%-6.27%NBISON
30 days-33.20%-16.67%CRCLON
90 days-31.07%——

Correlation

0.23over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	NBISON	CRCLON
Max drawdown (400d)	-49.2%	-30.7%
Risk-adjusted return (90d)	-0.22	0.06

Relative strength over 90 days: CRCLON outperformed NBISON by 42.2% — measured on the NBISON/CRCLON ratio, so it holds regardless of market direction.

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