Rigetti Computing (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 648.8× the size of Rigetti Computing (Ondo Tokenized) (RGTION) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 35 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: 0.28
Size ratio: 1 : 648.8

Rigetti Computing (Ondo Tokenized)RGTION

$11.1300

24h: +3.57%
Market cap: $134,354
Volume 24h: $159,668
Volatility (ann.): 110%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.0500

24h: +0.34%
Market cap: $87.18M
Volume 24h: $1.21M
Volatility (ann.): 97%

RGTION 0.2%Share of the two combined market caps99.8% CRCLON

Performance

RGTIONCRCLON

7 days-3.04%-5.63%RGTION
30 days+3.83%-15.88%RGTION
90 days-15.61%——

Correlation

0.28over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	RGTION	CRCLON
Max drawdown (400d)	-52.0%	-30.7%
Risk-adjusted return (90d)	-0.18	0.06

Relative strength over 90 days: CRCLON outperformed RGTION by 22.6% — measured on the RGTION/CRCLON ratio, so it holds regardless of market direction.

Rigetti Computing (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →