ON Semiconductor Corporation • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 4758.3× the size of ON Semiconductor Corporation • Robinhood Token (ON) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 33 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ON's 45%.

Correlation: 0.37
Size ratio: 1 : 4758.3

ON Semiconductor Corporation • Robinhood TokenON

$71.3000

24h: +2.29%
Market cap: $33,407
Volume 24h: $5,665
Volatility (ann.): 45%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2500

24h: +0.44%
Market cap: $158.96M
Volume 24h: $33.23M
Volatility (ann.): 82%

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

Performance

ONCRCLB

7 days-8.52%-5.56%CRCLB
30 days-15.33%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.37over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	ON	CRCLB
Max drawdown (400d)	-18.2%	-31.5%
Risk-adjusted return (90d)	-0.40	0.23

Relative strength over 90 days: CRCLB outperformed ON by 9.8% — measured on the ON/CRCLB ratio, so it holds regardless of market direction.

ON Semiconductor Corporation • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →