Redwire (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 627.9× the size of Redwire (Ondo Tokenized) (RDWON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 28.5 percentage points (RDWON -7.3% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.25 across 110 shared trading days). RDWON has been the more volatile of the two, at 137% annualised against CRCLB's 82%.

Correlation: 0.25
Size ratio: 1 : 627.9
Ahead over 90 days: CRCLB

Redwire (Ondo Tokenized)RDWON

$7.9100

24h: -0.89%
Market cap: $254,288
Volume 24h: $440,957
Volatility (ann.): 137%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

RDWON 0.2%Share of the two combined market caps99.8% CRCLB

Performance

RDWONCRCLB

7 days-2.27%-7.34%RDWON
30 days+3.44%-10.38%RDWON
90 days-7.31%+21.21%CRCLB

Correlation

0.25over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 0.181y: 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	RDWON	CRCLB
Max drawdown (400d)	-69.1%	-31.5%
Risk-adjusted return (90d)	-0.08	0.25

Relative strength over 90 days: CRCLB outperformed RDWON by 31.4% — measured on the RDWON/CRCLB ratio, so it holds regardless of market direction.

Redwire (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →