NextEra Energy (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 2868.2× the size of NextEra Energy (Ondo Tokenized) (NEEON) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 25 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against NEEON's 19%.

Correlation: 0.05
Size ratio: 1 : 2868.2

NextEra Energy (Ondo Tokenized)NEEON

$89.6000

24h: -0.23%
Market cap: $51,500
Volume 24h: $106
Volatility (ann.): 19%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.1500

24h: -3.04%
Market cap: $147.71M
Volume 24h: $29.46M
Volatility (ann.): 83%

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

Performance

NEEONCRCLB

7 days-0.03%-10.02%NEEON
30 days-9.20%-18.89%NEEON
90 days—+1.70%—

Correlation

0.05over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	NEEON	CRCLB
Max drawdown (400d)	-10.0%	-35.4%
Risk-adjusted return (90d)	-0.48	0.02

Relative strength over 90 days: NEEON outperformed CRCLB by 6.6% — measured on the NEEON/CRCLB ratio, so it holds regardless of market direction.

NextEra Energy (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →