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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 235.1× the size of Riot Platforms (Ondo Tokenized Stock) (RIOTON) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 39 shared trading days). Both have run at a similar volatility, around 99% annualised.

Correlation: 0.42
Size ratio: 1 : 235.1

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 (Ondo Tokenized Stock)CRCLON

$75.1600

24h: +0.53%
Market cap: $88.48M
Volume 24h: $1.60M
Volatility (ann.): 97%

RIOTON 0.4%Share of the two combined market caps99.6% CRCLON

Performance

RIOTONCRCLON

7 days-33.15%-5.63%CRCLON
30 days-17.53%-15.88%CRCLON
90 days-30.57%——
1 year-1.38%——

Correlation

0.42over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	RIOTON	CRCLON
Max drawdown (400d)	-50.6%	-30.7%
Risk-adjusted return (90d)	-0.24	0.06

Relative strength over 90 days: CRCLON outperformed RIOTON by 22.9% — measured on the RIOTON/CRCLON ratio, so it holds regardless of market direction.

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