Novo Nordisk (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 76.0× the size of Novo Nordisk (Ondo Tokenized Stock) (NVOON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 40.9 percentage points (NVOON -19.6% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.20 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NVOON's 50%.

Correlation: 0.20
Size ratio: 1 : 76.0
Ahead over 90 days: CRCLB

Novo Nordisk (Ondo Tokenized Stock)NVOON

$41.3500

24h: -0.83%
Market cap: $2.18M
Volume 24h: $784,969
Volatility (ann.): 50%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.7000

24h: +0.70%
Market cap: $165.99M
Volume 24h: $43.26M
Volatility (ann.): 82%

NVOON 1.3%Share of the two combined market caps98.7% CRCLB

Performance

NVOONCRCLB

7 days-3.24%-7.34%NVOON
30 days-15.93%-10.38%CRCLB
90 days-19.65%+21.21%CRCLB

Correlation

0.20over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 0.271y: 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	NVOON	CRCLB
Max drawdown (400d)	-44.4%	-31.5%
Risk-adjusted return (90d)	-0.48	0.25

Relative strength over 90 days: CRCLB outperformed NVOON by 40.6% — measured on the NVOON/CRCLB ratio, so it holds regardless of market direction.

Novo Nordisk (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →