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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 250.3× the size of Procter & Gamble xStock (PGX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against PGX's 39%.

Correlation: -0.05
Size ratio: 1 : 250.3

Procter & Gamble xStockPGX

$167.6300

24h: +3.69%
Market cap: $357,240
Volume 24h: $23,717
Volatility (ann.): 39%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.9500

24h: +3.01%
Market cap: $89.41M
Volume 24h: $1.65M
Volatility (ann.): 97%

PGX 0.4%Share of the two combined market caps99.6% CRCLON

Performance

PGXCRCLON

7 days-1.18%-5.63%PGX
30 days+1.39%-15.88%PGX
90 days-2.59%——
1 year-2.19%——

Correlation

-0.05over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	PGX	CRCLON
Max drawdown (400d)	-20.6%	-30.7%
Risk-adjusted return (90d)	-0.09	0.06

Relative strength over 90 days: CRCLON outperformed PGX by 15.1% — measured on the PGX/CRCLON ratio, so it holds regardless of market direction.

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