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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 171.8× the size of Novo Nordisk xStock (NVOX) by market capitalisation. Over the past 30 days, CRCLON is ahead by 15.4 percentage points (NVOX -32.1% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.01 across 23 shared trading days). NVOX has been the more volatile of the two, at 117% annualised against CRCLON's 98%.

Correlation: 0.01
Size ratio: 1 : 171.8
Ahead over 30 days: CRCLON

Novo Nordisk xStockNVOX

$40.1000

24h: -1.20%
Market cap: $501,794
Volume 24h: $356
Volatility (ann.): 117%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.2000

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

NVOX 0.6%Share of the two combined market caps99.4% CRCLON

Performance

NVOXCRCLON

7 days+5.15%-6.27%NVOX
30 days-32.10%-16.67%CRCLON

Correlation

0.01over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NVOX	CRCLON
Max drawdown (400d)	-36.9%	-30.7%
Risk-adjusted return (90d)	-0.14	0.06

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

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