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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 71.4× the size of PepsiCo (Ondo Tokenized Stock) (PEPON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.15 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against PEPON's 22%.

Correlation: -0.15
Size ratio: 1 : 71.4

PepsiCo (Ondo Tokenized Stock)PEPON

$143.0600

24h: +4.01%
Market cap: $2.26M
Volume 24h: $141,370
Volatility (ann.): 22%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.5000

24h: -0.94%
Market cap: $161.17M
Volume 24h: $40.39M
Volatility (ann.): 82%

PEPON 1.4%Share of the two combined market caps98.6% CRCLB

Performance

PEPONCRCLB

7 days-2.04%-5.56%PEPON
30 days-8.53%-9.22%PEPON
90 days-8.20%+19.24%CRCLB
1 year-7.39%——

Correlation

-0.15over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3390d: -0.231y: 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	PEPON	CRCLB
Max drawdown (400d)	-23.4%	-31.5%
Risk-adjusted return (90d)	-0.37	0.23

Relative strength over 90 days: CRCLB outperformed PEPON by 31.7% — measured on the PEPON/CRCLB ratio, so it holds regardless of market direction.

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