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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 69.9× the size of Nike (Ondo Tokenized Stock) (NKEON) by market capitalisation. Their daily returns move barely together (correlation 0.21 across 36 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against NKEON's 36%.

Correlation: 0.21
Size ratio: 1 : 69.9

Nike (Ondo Tokenized Stock)NKEON

$39.4800

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.2000

24h: -1.20%
Market cap: $86.21M
Volume 24h: $1.14M
Volatility (ann.): 98%

NKEON 1.4%Share of the two combined market caps98.6% CRCLON

Performance

NKEONCRCLON

7 days+1.41%-6.27%NKEON
30 days-6.78%-16.67%NKEON
90 days-14.07%——

Correlation

0.21over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	NKEON	CRCLON
Max drawdown (400d)	-45.4%	-30.7%
Risk-adjusted return (90d)	-0.50	0.06

Relative strength over 90 days: CRCLON outperformed NKEON by 13.2% — measured on the NKEON/CRCLON ratio, so it holds regardless of market direction.

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