NIKE (Backpack Securities) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 328.8× the size of NIKE (Backpack Securities) (NKE) by market capitalisation. Over the past 30 days, NKE is ahead by 23.9 percentage points (NKE +8.1% against CRCLON -15.9%). Their daily returns move barely in opposite directions (correlation -0.17 across 21 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against NKE's 81%.

Correlation: -0.17
Size ratio: 1 : 328.8
Ahead over 30 days: NKE

NIKE (Backpack Securities)NKE

$40.4000

24h: +5.76%
Market cap: $271,905
Volume 24h: $49,745
Volatility (ann.): 81%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.9500

24h: +3.01%
Market cap: $89.41M
Volume 24h: $1.65M
Volatility (ann.): 97%

NKE 0.3%Share of the two combined market caps99.7% CRCLON

Performance

NKECRCLON

7 days+24.38%-5.63%NKE
30 days+8.06%-15.88%NKE

Correlation

-0.17over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NKE	CRCLON
Max drawdown (400d)	-15.7%	-30.7%
Risk-adjusted return (90d)	0.08	0.06

Relative strength over 90 days: NKE outperformed CRCLON by 34.2% — measured on the NKE/CRCLON ratio, so it holds regardless of market direction.

NIKE (Backpack Securities) →Circle Internet Group (Ondo Tokenized Stock) →