Palantir Technologies (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 61.4× the size of Palantir Technologies (bStocks Tokenized Stock) (PLTRB) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 56 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against PLTRB's 58%.

Correlation: 0.43
Size ratio: 1 : 61.4

Palantir Technologies (bStocks Tokenized Stock)PLTRB

$169.9200

24h: +0.16%
Market cap: $1.46M
Volume 24h: $157,870
Volatility (ann.): 58%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.0600

24h: -0.49%
Market cap: $89.57M
Volume 24h: $1.66M
Volatility (ann.): 98%

PLTRB 1.6%Share of the two combined market caps98.4% CRCLON

Performance

PLTRBCRCLON

7 days-12.40%-6.27%CRCLON
30 days-8.11%-16.67%PLTRB
90 days+11.27%——

Correlation

0.43over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	PLTRB	CRCLON
Max drawdown (400d)	-17.8%	-30.7%
Risk-adjusted return (90d)	0.23	0.06

Relative strength over 90 days: CRCLON outperformed PLTRB by 3.6% — measured on the PLTRB/CRCLON ratio, so it holds regardless of market direction.

Palantir Technologies (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →