Planet Labs (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 17862.2× the size of Planet Labs (Ondo Tokenized) (PLON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.14 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against PLON's 70%.

Correlation: -0.14
Size ratio: 1 : 17862.2

Planet Labs (Ondo Tokenized)PLON

$12.6700

24h: -4.18%
Market cap: $4,957
Volume 24h: $140,987
Volatility (ann.): 70%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.2100

24h: +1.02%
Market cap: $88.55M
Volume 24h: $1.61M
Volatility (ann.): 97%

PLON 0.0%Share of the two combined market caps100.0% CRCLON

Performance

PLONCRCLON

7 days-0.12%-5.63%PLON
30 days-13.62%-15.88%PLON
90 days-48.05%——

Correlation

-0.14over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	PLON	CRCLON
Max drawdown (400d)	-52.1%	-30.7%
Risk-adjusted return (90d)	-0.75	0.06

Relative strength over 90 days: CRCLON outperformed PLON by 37.3% — measured on the PLON/CRCLON ratio, so it holds regardless of market direction.

Planet Labs (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →