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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 41.5× the size of Pfizer (Ondo Tokenized Stock) (PFEON) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 29 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against PFEON's 71%.

Correlation: 0.20
Size ratio: 1 : 41.5

Pfizer (Ondo Tokenized Stock)PFEON

$31.8800

24h: -2.73%
Market cap: $3.82M
Volume 24h: $218
Volatility (ann.): 71%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.7000

24h: +0.49%
Market cap: $158.63M
Volume 24h: $25.34M
Volatility (ann.): 82%

PFEON 2.4%Share of the two combined market caps97.6% CRCLB

Performance

PFEONCRCLB

7 days+3.77%-7.34%PFEON
30 days+2.66%-10.38%PFEON
90 days—+21.21%—

Correlation

0.20over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	PFEON	CRCLB
Max drawdown (400d)	-17.5%	-31.5%
Risk-adjusted return (90d)	0.04	0.25

Relative strength over 90 days: PFEON outperformed CRCLB by 6.9% — measured on the PFEON/CRCLB ratio, so it holds regardless of market direction.

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