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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 4.8× the size of NVIDIA (Ondo Tokenized Stock) (NVDAON) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 52 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NVDAON's 44%.

Correlation: 0.42
Size ratio: 1 : 4.8

NVIDIA (Ondo Tokenized Stock)NVDAON

$208.1400

24h: +2.14%
Market cap: $33.91M
Volume 24h: $1.22M
Volatility (ann.): 44%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2100

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

NVDAON 17.2%Share of the two combined market caps82.8% CRCLB

Performance

NVDAONCRCLB

7 days-3.53%-7.34%NVDAON
30 days-4.25%-10.38%NVDAON
90 days—+21.21%—

Correlation

0.42over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	NVDAON	CRCLB
Max drawdown (400d)	-12.1%	-31.5%
Risk-adjusted return (90d)	-0.07	0.25

Relative strength over 90 days: NVDAON outperformed CRCLB by 13.0% — measured on the NVDAON/CRCLB ratio, so it holds regardless of market direction.

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