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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 167.0× the size of Netflix (Ondo Tokenized Stock) (NFLXON) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 112 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against NFLXON's 38%.

Correlation: 0.32
Size ratio: 1 : 167.0

Netflix (Ondo Tokenized Stock)NFLXON

$665.5500

24h: +5.96%
Market cap: $911,655
Volume 24h: $1.38M
Volatility (ann.): 38%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.9800

24h: -9.20%
Market cap: $152.20M
Volume 24h: $44.31M
Volatility (ann.): 83%

NFLXON 0.6%Share of the two combined market caps99.4% CRCLB

Performance

NFLXONCRCLB

7 days-12.40%-10.02%CRCLB
30 days-22.71%-18.89%CRCLB
90 days-19.56%+1.70%CRCLB
1 year-45.63%——

Correlation

0.32over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 0.261y: 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	NFLXON	CRCLB
Max drawdown (400d)	-49.8%	-35.4%
Risk-adjusted return (90d)	-0.46	0.02

Relative strength over 90 days: CRCLB outperformed NFLXON by 30.4% — measured on the NFLXON/CRCLB ratio, so it holds regardless of market direction.

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