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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 413.4× the size of Nokia (Ondo Tokenized) (NOKON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.27 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against NOKON's 71%.

Correlation: -0.27
Size ratio: 1 : 413.4

Nokia (Ondo Tokenized)NOKON

$8.4000

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.2400

24h: +0.61%
Market cap: $86.22M
Volume 24h: $993,994
Volatility (ann.): 98%

NOKON 0.2%Share of the two combined market caps99.8% CRCLON

Performance

NOKONCRCLON

7 days-7.18%-6.27%CRCLON
30 days+0.00%-16.67%NOKON
90 days-23.16%——

Correlation

-0.27over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	NOKON	CRCLON
Max drawdown (400d)	-41.5%	-30.7%
Risk-adjusted return (90d)	-0.32	0.06

Relative strength over 90 days: CRCLON outperformed NOKON by 16.1% — measured on the NOKON/CRCLON ratio, so it holds regardless of market direction.

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