SanDisk (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

SanDisk (bStocks Tokenized Stock) (SNDKB) is 1.2× the size of Circle Internet Group (Ondo Tokenized Stock) (CRCLON) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 56 shared trading days). SNDKB has been the more volatile of the two, at 124% annualised against CRCLON's 98%.

Correlation: 0.38
Size ratio: 1.2×

SanDisk (bStocks Tokenized Stock)SNDKB

$1,035.19

24h: -5.37%
Market cap: $108.61M
Volume 24h: $58.05M
Volatility (ann.): 124%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9500

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

SNDKB 54.5%Share of the two combined market caps45.5% CRCLON

Performance

SNDKBCRCLON

7 days-13.39%-6.27%CRCLON
30 days-34.43%-16.67%CRCLON
90 days-9.06%——

Correlation

0.38over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	SNDKB	CRCLON
Max drawdown (400d)	-56.5%	-30.7%
Risk-adjusted return (90d)	-0.10	0.06

Relative strength over 90 days: CRCLON outperformed SNDKB by 32.4% — measured on the SNDKB/CRCLON ratio, so it holds regardless of market direction.

SanDisk (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →