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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 28.7× the size of Procter & Gamble (Ondo Tokenized Stock) (PGON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.31 across 37 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against PGON's 24%.

Correlation: -0.31
Size ratio: 1 : 28.7

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 (Ondo Tokenized Stock)CRCLON

$74.0700

24h: +1.25%
Market cap: $87.21M
Volume 24h: $1.22M
Volatility (ann.): 97%

PGON 3.4%Share of the two combined market caps96.6% CRCLON

Performance

PGONCRCLON

7 days+11.47%-5.63%PGON
30 days+11.35%-15.88%PGON
90 days+8.35%——
1 year+18.47%——

Correlation

-0.31over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3390d: 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	PGON	CRCLON
Max drawdown (400d)	-15.6%	-30.7%
Risk-adjusted return (90d)	0.29	0.06

Relative strength over 90 days: PGON outperformed CRCLON by 11.5% — measured on the PGON/CRCLON ratio, so it holds regardless of market direction.

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