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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 72.6× the size of PayPal (Ondo Tokenized Stock) (PYPLON) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against PYPLON's 43%.

Correlation: 0.44
Size ratio: 1 : 72.6

PayPal (Ondo Tokenized Stock)PYPLON

$58.1800

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

PYPLON 1.4%Share of the two combined market caps98.6% CRCLON

Performance

PYPLONCRCLON

7 days+4.00%-6.27%PYPLON
30 days+2.27%-16.67%PYPLON
90 days+27.74%——

Correlation

0.44over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	PYPLON	CRCLON
Max drawdown (400d)	-20.3%	-30.7%
Risk-adjusted return (90d)	0.51	0.06

Relative strength over 90 days: CRCLON outperformed PYPLON by 23.8% — measured on the PYPLON/CRCLON ratio, so it holds regardless of market direction.

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