Nordic American Tankers (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 160573.1× the size of Nordic American Tankers (Ondo Tokenized) (NATON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.22 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NATON's 34%.

Correlation: -0.22
Size ratio: 1 : 160573.1

Nordic American Tankers (Ondo Tokenized)NATON

$8.3600

24h: —
Market cap: $1,008
Volume 24h: —
Volatility (ann.): 34%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4400

24h: +3.09%
Market cap: $161.92M
Volume 24h: $43.99M
Volatility (ann.): 82%

NATON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

NATONCRCLB

7 days+5.85%-5.56%NATON
30 days+17.93%-9.22%NATON
90 days—+19.24%—

Correlation

-0.22over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	NATON	CRCLB
Max drawdown (400d)	-7.0%	-31.5%
Risk-adjusted return (90d)	0.52	0.23

Relative strength over 90 days: NATON outperformed CRCLB by 39.1% — measured on the NATON/CRCLB ratio, so it holds regardless of market direction.

Nordic American Tankers (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →