Riot Platforms (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 425.7× the size of Riot Platforms (Ondo Tokenized Stock) (RIOTON) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 114 shared trading days). RIOTON has been the more volatile of the two, at 101% annualised against CRCLB's 82%.

Correlation: 0.31
Size ratio: 1 : 425.7

Riot Platforms (Ondo Tokenized Stock)RIOTON

$15.5400

24h: +14.26%
Market cap: $376,395
Volume 24h: $175,797
Volatility (ann.): 101%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2500

24h: +0.56%
Market cap: $160.24M
Volume 24h: $41.83M
Volatility (ann.): 82%

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

Performance

RIOTONCRCLB

7 days-33.15%-5.56%CRCLB
30 days-17.53%-9.22%CRCLB
90 days-30.57%+19.24%CRCLB
1 year-1.38%——

Correlation

0.31over 114 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 0.351y: 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	RIOTON	CRCLB
Max drawdown (400d)	-50.6%	-31.5%
Risk-adjusted return (90d)	-0.24	0.23

Relative strength over 90 days: CRCLB outperformed RIOTON by 37.4% — measured on the RIOTON/CRCLB ratio, so it holds regardless of market direction.

Riot Platforms (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →