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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 339.1× the size of Redwire (Ondo Tokenized) (RDWON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 35 shared trading days). RDWON has been the more volatile of the two, at 137% annualised against CRCLON's 98%.

Correlation: -0.08
Size ratio: 1 : 339.1

Redwire (Ondo Tokenized)RDWON

$7.9100

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.2400

24h: +0.61%
Market cap: $86.22M
Volume 24h: $993,994
Volatility (ann.): 98%

RDWON 0.3%Share of the two combined market caps99.7% CRCLON

Performance

RDWONCRCLON

7 days-2.27%-6.27%RDWON
30 days+3.44%-16.67%RDWON
90 days-7.31%——

Correlation

-0.08over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	RDWON	CRCLON
Max drawdown (400d)	-69.1%	-30.7%
Risk-adjusted return (90d)	-0.08	0.06

Relative strength over 90 days: CRCLON outperformed RDWON by 25.8% — measured on the RDWON/CRCLON ratio, so it holds regardless of market direction.

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