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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 48.2× the size of SanDisk (Ondo Tokenized) (SNDKON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 51.4 percentage points (SNDKON -30.2% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.20 across 113 shared trading days). SNDKON has been the more volatile of the two, at 130% annualised against CRCLB's 82%.

Correlation: 0.20
Size ratio: 1 : 48.2
Ahead over 90 days: CRCLB

SanDisk (Ondo Tokenized)SNDKON

$1,093.53

24h: -0.38%
Market cap: $3.46M
Volume 24h: $1.78M
Volatility (ann.): 130%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.9800

24h: +0.92%
Market cap: $166.78M
Volume 24h: $41.87M
Volatility (ann.): 82%

SNDKON 2.0%Share of the two combined market caps98.0% CRCLB

Performance

SNDKONCRCLB

7 days-28.28%-7.34%CRCLB
30 days-17.87%-10.38%CRCLB
90 days-30.20%+21.21%CRCLB

Correlation

0.20over 113 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 0.341y: 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	SNDKON	CRCLB
Max drawdown (400d)	-56.7%	-31.5%
Risk-adjusted return (90d)	-0.21	0.25

Relative strength over 90 days: CRCLB outperformed SNDKON by 42.2% — measured on the SNDKON/CRCLB ratio, so it holds regardless of market direction.

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