Salesforce (Ondo Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 90.4× the size of Salesforce (Ondo Tokenized Stock) (CRMON) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 38 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against CRMON's 47%.

Correlation: 0.26
Size ratio: 1 : 90.4

Salesforce (Ondo Tokenized Stock)CRMON

$221.6900

24h: -2.39%
Market cap: $960,292
Volume 24h: $617,772
Volatility (ann.): 47%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

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

Performance

CRMONCRCLON

7 days-2.77%-6.27%CRMON
30 days-9.26%-16.67%CRMON
90 days+41.01%——

Correlation

0.26over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	CRMON	CRCLON
Max drawdown (400d)	-43.7%	-30.7%
Risk-adjusted return (90d)	0.76	0.06

Relative strength over 90 days: CRMON outperformed CRCLON by 12.6% — measured on the CRMON/CRCLON ratio, so it holds regardless of market direction.

Salesforce (Ondo Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →