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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 44509.1× the size of NetEase (Ondo Tokenized) (NTESON) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 26 shared trading days). Both have run at a similar volatility, around 84% annualised.

Correlation: 0.10
Size ratio: 1 : 44509.1

NetEase (Ondo Tokenized)NTESON

$123.3400

24h: +4.57%
Market cap: $3,249
Volume 24h: $3
Volatility (ann.): 87%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.5200

24h: -12.77%
Market cap: $144.61M
Volume 24h: $40.56M
Volatility (ann.): 82%

NTESON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

NTESONCRCLB

7 days+8.51%-5.56%NTESON
30 days-0.23%-9.22%NTESON
90 days—+19.24%—

Correlation

0.10over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	NTESON	CRCLB
Max drawdown (400d)	-10.9%	-31.5%
Risk-adjusted return (90d)	0.00	0.23

Relative strength over 90 days: NTESON outperformed CRCLB by 17.7% — measured on the NTESON/CRCLB ratio, so it holds regardless of market direction.

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