ProShares UltraPro QQQ (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 47.0× the size of ProShares UltraPro QQQ (bStocks Tokenized Stock) (TQQQB) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 56 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against TQQQB's 59%.

Correlation: 0.45
Size ratio: 1 : 47.0

ProShares UltraPro QQQ (bStocks Tokenized Stock)TQQQB

$61.2600

24h: -0.64%
Market cap: $1.85M
Volume 24h: $623,706
Volatility (ann.): 59%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

TQQQB 2.1%Share of the two combined market caps97.9% CRCLON

Performance

TQQQBCRCLON

7 days-14.88%-6.27%CRCLON
30 days-25.62%-16.67%CRCLON
90 days-16.44%——

Correlation

0.45over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	TQQQB	CRCLON
Max drawdown (400d)	-28.8%	-30.7%
Risk-adjusted return (90d)	-0.32	0.06

Relative strength over 90 days: CRCLON outperformed TQQQB by 20.5% — measured on the TQQQB/CRCLON ratio, so it holds regardless of market direction.

ProShares UltraPro QQQ (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →