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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 54.9× the size of SanDisk (Coinbase Tokenized Stock) (SNDKC) by market capitalisation. Over the past 30 days, CRCLON is ahead by 23.6 percentage points (SNDKC -39.5% against CRCLON -15.9%). Their daily returns move loosely together (correlation 0.36 across 22 shared trading days). Both have run at a similar volatility, around 93% annualised.

Correlation: 0.36
Size ratio: 1 : 54.9
Ahead over 30 days: CRCLON

SanDisk (Coinbase Tokenized Stock)SNDKC

$1,092.1

24h: -0.27%
Market cap: $1.62M
Volume 24h: $22.88M
Volatility (ann.): 90%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

24h: +1.93%
Market cap: $88.92M
Volume 24h: $1.64M
Volatility (ann.): 97%

SNDKC 1.8%Share of the two combined market caps98.2% CRCLON

Performance

SNDKCCRCLON

7 days-24.54%-5.63%CRCLON
30 days-39.46%-15.88%CRCLON

Correlation

0.36over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SNDKC	CRCLON
Max drawdown (400d)	-41.6%	-30.7%
Risk-adjusted return (90d)	-0.46	0.06

Relative strength over 90 days: CRCLON outperformed SNDKC by 24.5% — measured on the SNDKC/CRCLON ratio, so it holds regardless of market direction.

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