NVIDIA xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1.8× the size of NVIDIA xStock (NVDAX) by market capitalisation. Over the past 30 days, NVDAX is ahead by 12.5 percentage points (NVDAX -4.2% against CRCLON -16.7%). Their daily returns move loosely together (correlation 0.43 across 48 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against NVDAX's 44%.

Correlation: 0.43
Size ratio: 1 : 1.8
Ahead over 30 days: NVDAX

NVIDIA xStockNVDAX

$204.5300

24h: -1.58%
Market cap: $48.73M
Volume 24h: $10.55M
Volatility (ann.): 44%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.3200

24h: +2.18%
Market cap: $87.59M
Volume 24h: $1.03M
Volatility (ann.): 98%

NVDAX 35.7%Share of the two combined market caps64.3% CRCLON

Performance

NVDAXCRCLON

7 days-3.52%-6.27%NVDAX
30 days-4.22%-16.67%NVDAX

Correlation

0.43over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	NVDAX	CRCLON
Max drawdown (400d)	-12.1%	-30.7%
Risk-adjusted return (90d)	-0.07	0.06

Relative strength over 90 days: NVDAX outperformed CRCLON by 12.0% — measured on the NVDAX/CRCLON ratio, so it holds regardless of market direction.

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