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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 765.5× the size of Nokia (Ondo Tokenized) (NOKON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 44.4 percentage points (NOKON -23.2% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.12 across 103 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NOKON's 71%.

Correlation: 0.12
Size ratio: 1 : 765.5
Ahead over 90 days: CRCLB

Nokia (Ondo Tokenized)NOKON

$8.4000

24h: +0.07%
Market cap: $208,585
Volume 24h: $436,893
Volatility (ann.): 71%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

NOKON 0.1%Share of the two combined market caps99.9% CRCLB

Performance

NOKONCRCLB

7 days-7.18%-7.34%NOKON
30 days+0.00%-10.38%NOKON
90 days-23.16%+21.21%CRCLB

Correlation

0.12over 103 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2190d: 0.191y: 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	NOKON	CRCLB
Max drawdown (400d)	-41.5%	-31.5%
Risk-adjusted return (90d)	-0.32	0.25

Relative strength over 90 days: CRCLB outperformed NOKON by 43.2% — measured on the NOKON/CRCLB ratio, so it holds regardless of market direction.

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