S&P Global (Ondo Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 87.5× the size of S&P Global (Ondo Tokenized Stock) (SPGION) by market capitalisation. Over the past 30 days, SPGION is ahead by 23.3 percentage points (SPGION +6.6% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.11 across 29 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against SPGION's 53%.

Correlation: 0.11
Size ratio: 1 : 87.5
Ahead over 30 days: SPGION

S&P Global (Ondo Tokenized Stock)SPGION

$489.1500

24h: -1.72%
Market cap: $1.03M
Volume 24h: $1,257
Volatility (ann.): 53%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9500

24h: +3.62%
Market cap: $90.50M
Volume 24h: $1.47M
Volatility (ann.): 98%

SPGION 1.1%Share of the two combined market caps98.9% CRCLON

Performance

SPGIONCRCLON

7 days+19.06%-6.27%SPGION
30 days+6.64%-16.67%SPGION

Correlation

0.11over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	SPGION	CRCLON
Max drawdown (400d)	-12.9%	-30.7%
Risk-adjusted return (90d)	0.15	0.06

Relative strength over 90 days: SPGION outperformed CRCLON by 36.2% — measured on the SPGION/CRCLON ratio, so it holds regardless of market direction.

S&P Global (Ondo Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →