Procter & Gamble (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 52.3× the size of Procter & Gamble (Ondo Tokenized Stock) (PGON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.18 across 113 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against PGON's 24%.

Correlation: -0.18
Size ratio: 1 : 52.3

Procter & Gamble (Ondo Tokenized Stock)PGON

$168.7000

24h: +3.79%
Market cap: $3.04M
Volume 24h: $125,725
Volatility (ann.): 24%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.9900

24h: +1.36%
Market cap: $158.71M
Volume 24h: $34.71M
Volatility (ann.): 82%

PGON 1.9%Share of the two combined market caps98.1% CRCLB

Performance

PGONCRCLB

7 days+11.47%-5.56%PGON
30 days+11.35%-9.22%PGON
90 days+8.35%+19.24%CRCLB
1 year+18.47%——

Correlation

-0.18over 113 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3290d: -0.241y: 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	PGON	CRCLB
Max drawdown (400d)	-15.6%	-31.5%
Risk-adjusted return (90d)	0.29	0.23

Relative strength over 90 days: CRCLB outperformed PGON by 0.5% — measured on the PGON/CRCLB ratio, so it holds regardless of market direction.

Procter & Gamble (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →