Palo Alto Networks (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 58.9× the size of Palo Alto Networks (Ondo Tokenized Stock) (PANWON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 11.3 percentage points (PANWON +9.9% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.09 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against PANWON's 54%.

Correlation: 0.09
Size ratio: 1 : 58.9
Ahead over 90 days: CRCLB

Palo Alto Networks (Ondo Tokenized Stock)PANWON

$341.5100

24h: -3.54%
Market cap: $2.71M
Volume 24h: $144,722
Volatility (ann.): 54%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.9600

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

PANWON 1.7%Share of the two combined market caps98.3% CRCLB

Performance

PANWONCRCLB

7 days+1.11%-7.34%PANWON
30 days+1.15%-10.38%PANWON
90 days+9.88%+21.21%CRCLB

Correlation

0.09over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 0.131y: 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	PANWON	CRCLB
Max drawdown (400d)	-16.6%	-31.5%
Risk-adjusted return (90d)	0.18	0.25

Relative strength over 90 days: CRCLB outperformed PANWON by 18.7% — measured on the PANWON/CRCLB ratio, so it holds regardless of market direction.

Palo Alto Networks (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →