PayPal (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 133.5× the size of PayPal (Ondo Tokenized Stock) (PYPLON) by market capitalisation. Over the past 90 days, PYPLON is ahead by 6.5 percentage points (PYPLON +27.7% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.19 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against PYPLON's 43%.

Correlation: 0.19
Size ratio: 1 : 133.5
Ahead over 90 days: PYPLON

PayPal (Ondo Tokenized Stock)PYPLON

$58.1800

24h: -1.82%
Market cap: $1.20M
Volume 24h: $154,917
Volatility (ann.): 43%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2100

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

PYPLON 0.7%Share of the two combined market caps99.3% CRCLB

Performance

PYPLONCRCLB

7 days+4.00%-7.34%PYPLON
30 days+2.27%-10.38%PYPLON
90 days+27.74%+21.21%PYPLON

Correlation

0.19over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 0.161y: 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	PYPLON	CRCLB
Max drawdown (400d)	-20.3%	-31.5%
Risk-adjusted return (90d)	0.51	0.25

Relative strength over 90 days: CRCLB outperformed PYPLON by 5.5% — measured on the PYPLON/CRCLB ratio, so it holds regardless of market direction.

PayPal (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →