Sandisk Corporation xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 4.1× the size of Sandisk Corporation xStock (SNDKX) by market capitalisation. Over the past 30 days, SNDKX is ahead by 31.5 percentage points (SNDKX +15.6% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.21 across 23 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against SNDKX's 76%.

Correlation: 0.21
Size ratio: 1 : 4.1
Ahead over 30 days: SNDKX

Sandisk Corporation xStockSNDKX

$1,100.95

24h: +0.39%
Market cap: $21.61M
Volume 24h: $338,844
Volatility (ann.): 76%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.9900

24h: +2.18%
Market cap: $89.50M
Volume 24h: $1.65M
Volatility (ann.): 97%

SNDKX 19.4%Share of the two combined market caps80.6% CRCLON

Performance

SNDKXCRCLON

7 days-3.09%-5.63%SNDKX
30 days+15.62%-15.88%SNDKX

Correlation

0.21over 23 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	SNDKX	CRCLON
Max drawdown (400d)	-13.8%	-30.7%
Risk-adjusted return (90d)	0.21	0.06

Relative strength over 90 days: SNDKX outperformed CRCLON by 18.8% — measured on the SNDKX/CRCLON ratio, so it holds regardless of market direction.

Sandisk Corporation xStock →Circle Internet Group (Ondo Tokenized Stock) →