Plug Power (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 7443.7× the size of Plug Power (Ondo Tokenized) (PLUGON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 30.3 percentage points (PLUGON -28.6% against CRCLB +1.7%). Their daily returns move barely together (correlation 0.22 across 110 shared trading days). Both have run at a similar volatility, around 86% annualised.

Correlation: 0.22
Size ratio: 1 : 7443.7
Ahead over 90 days: CRCLB

Plug Power (Ondo Tokenized)PLUGON

$1.3500

24h: -9.36%
Market cap: $20,138
Volume 24h: $144,759
Volatility (ann.): 88%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.7800

24h: -9.49%
Market cap: $149.90M
Volume 24h: $45.98M
Volatility (ann.): 83%

PLUGON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

PLUGONCRCLB

7 days-8.26%-10.02%PLUGON
30 days-11.48%-18.89%PLUGON
90 days-28.59%+1.70%CRCLB

Correlation

0.22over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 0.321y: 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	PLUGON	CRCLB
Max drawdown (400d)	-56.5%	-35.4%
Risk-adjusted return (90d)	-0.54	0.02

Relative strength over 90 days: CRCLB outperformed PLUGON by 47.2% — measured on the PLUGON/CRCLB ratio, so it holds regardless of market direction.

Plug Power (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →