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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 135.4× the size of Nike (Ondo Tokenized Stock) (NKEON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 35.3 percentage points (NKEON -14.1% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.12 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NKEON's 36%.

Correlation: 0.12
Size ratio: 1 : 135.4
Ahead over 90 days: CRCLB

Nike (Ondo Tokenized Stock)NKEON

$39.4800

24h: -1.27%
Market cap: $1.23M
Volume 24h: $151,146
Volatility (ann.): 36%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.5400

24h: +3.53%
Market cap: $166.96M
Volume 24h: $35.40M
Volatility (ann.): 82%

NKEON 0.7%Share of the two combined market caps99.3% CRCLB

Performance

NKEONCRCLB

7 days+1.41%-7.34%NKEON
30 days-6.78%-10.38%NKEON
90 days-14.07%+21.21%CRCLB

Correlation

0.12over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 0.061y: 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	NKEON	CRCLB
Max drawdown (400d)	-45.4%	-31.5%
Risk-adjusted return (90d)	-0.50	0.25

Relative strength over 90 days: CRCLB outperformed NKEON by 28.5% — measured on the NKEON/CRCLB ratio, so it holds regardless of market direction.

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