RoboStrategy (Backpack Securities) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 78.3× the size of RoboStrategy (Backpack Securities) (BOT) by market capitalisation. Over the past 30 days, BOT is ahead by 3.8 percentage points (BOT -12.9% against CRCLON -16.7%). Their daily returns move loosely together (correlation 0.42 across 30 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against BOT's 75%.

Correlation: 0.42
Size ratio: 1 : 78.3
Ahead over 30 days: BOT

RoboStrategy (Backpack Securities)BOT

$23.5000

24h: +9.59%
Market cap: $1.14M
Volume 24h: $167,603
Volatility (ann.): 75%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

24h: +5.60%
Market cap: $89.21M
Volume 24h: $693,303
Volatility (ann.): 98%

BOT 1.3%Share of the two combined market caps98.7% CRCLON

Performance

BOTCRCLON

7 days-2.39%-6.27%BOT
30 days-12.86%-16.67%BOT

Correlation

0.42over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	BOT	CRCLON
Max drawdown (400d)	-31.0%	-30.7%
Risk-adjusted return (90d)	-0.13	0.06

Relative strength over 90 days: BOT outperformed CRCLON by 13.8% — measured on the BOT/CRCLON ratio, so it holds regardless of market direction.

RoboStrategy (Backpack Securities) →Circle Internet Group (Ondo Tokenized Stock) →