Ondas Holdings (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 946.2× the size of Ondas Holdings (Ondo Tokenized) (ONDSON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 27.3 percentage points (ONDSON -8.0% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.27 across 110 shared trading days). ONDSON has been the more volatile of the two, at 95% annualised against CRCLB's 82%.

Correlation: 0.27
Size ratio: 1 : 946.2
Ahead over 90 days: CRCLB

Ondas Holdings (Ondo Tokenized)ONDSON

$5.2500

24h: -8.24%
Market cap: $167,729
Volume 24h: $785,091
Volatility (ann.): 95%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.9900

24h: +1.36%
Market cap: $158.71M
Volume 24h: $34.71M
Volatility (ann.): 82%

ONDSON 0.1%Share of the two combined market caps99.9% CRCLB

Performance

ONDSONCRCLB

7 days+3.35%-5.56%ONDSON
30 days-4.13%-9.22%ONDSON
90 days-8.03%+19.24%CRCLB

Correlation

0.27over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 0.251y: 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	ONDSON	CRCLB
Max drawdown (400d)	-52.9%	-31.5%
Risk-adjusted return (90d)	-0.10	0.23

Relative strength over 90 days: CRCLB outperformed ONDSON by 32.0% — measured on the ONDSON/CRCLB ratio, so it holds regardless of market direction.

Ondas Holdings (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →