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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 39.3× the size of PepsiCo (Ondo Tokenized Stock) (PEPON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.27 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against PEPON's 22%.

Correlation: -0.27
Size ratio: 1 : 39.3

PepsiCo (Ondo Tokenized Stock)PEPON

$143.0600

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.4000

24h: -0.93%
Market cap: $88.78M
Volume 24h: $1.59M
Volatility (ann.): 97%

PEPON 2.5%Share of the two combined market caps97.5% CRCLON

Performance

PEPONCRCLON

7 days-2.04%-5.63%PEPON
30 days-8.53%-15.88%PEPON
90 days-8.20%——
1 year-7.39%——

Correlation

-0.27over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4290d: 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	PEPON	CRCLON
Max drawdown (400d)	-23.4%	-30.7%
Risk-adjusted return (90d)	-0.37	0.06

Relative strength over 90 days: CRCLON outperformed PEPON by 23.0% — measured on the PEPON/CRCLON ratio, so it holds regardless of market direction.

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