Rivian Automotive (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1383.6× the size of Rivian Automotive (Ondo Tokenized) (RIVNON) by market capitalisation. Their daily returns move closely together (correlation 0.60 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against RIVNON's 57%.

Correlation: 0.60
Size ratio: 1 : 1383.6

Rivian Automotive (Ondo Tokenized)RIVNON

$14.0000

24h: +7.12%
Market cap: $57,890
Volume 24h: $479,711
Volatility (ann.): 57%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$67.8800

24h: -10.78%
Market cap: $80.10M
Volume 24h: $1.30M
Volatility (ann.): 97%

RIVNON 0.1%Share of the two combined market caps99.9% CRCLON

Performance

RIVNONCRCLON

7 days+0.33%-5.63%RIVNON
30 days-3.93%-15.88%RIVNON
90 days-11.29%——

Correlation

0.60over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 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	RIVNON	CRCLON
Max drawdown (400d)	-27.0%	-30.7%
Risk-adjusted return (90d)	-0.20	0.06

Relative strength over 90 days: CRCLON outperformed RIVNON by 13.0% — measured on the RIVNON/CRCLON ratio, so it holds regardless of market direction.

Rivian Automotive (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →