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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 35.2× the size of Petrobras (Ondo Tokenized Stock) (PBRON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.23 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against PBRON's 39%.

Correlation: -0.23
Size ratio: 1 : 35.2

Petrobras (Ondo Tokenized Stock)PBRON

$21.9000

24h: -0.83%
Market cap: $2.55M
Volume 24h: $506,589
Volatility (ann.): 39%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.1200

24h: +5.01%
Market cap: $89.79M
Volume 24h: $697,234
Volatility (ann.): 98%

PBRON 2.8%Share of the two combined market caps97.2% CRCLON

Performance

PBRONCRCLON

7 days+0.14%-6.27%PBRON
30 days+12.57%-16.67%PBRON
90 days+29.07%——

Correlation

-0.23over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3290d: 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	PBRON	CRCLON
Max drawdown (400d)	-26.3%	-30.7%
Risk-adjusted return (90d)	0.77	0.06

Relative strength over 90 days: CRCLON outperformed PBRON by 4.3% — measured on the PBRON/CRCLON ratio, so it holds regardless of market direction.

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