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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 26.1× the size of SanDisk (Ondo Tokenized) (SNDKON) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 38 shared trading days). SNDKON has been the more volatile of the two, at 130% annualised against CRCLON's 98%.

Correlation: 0.13
Size ratio: 1 : 26.1

SanDisk (Ondo Tokenized)SNDKON

$1,093.53

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.7900

24h: +0.84%
Market cap: $90.41M
Volume 24h: $1.69M
Volatility (ann.): 98%

SNDKON 3.7%Share of the two combined market caps96.3% CRCLON

Performance

SNDKONCRCLON

7 days-28.28%-6.27%CRCLON
30 days-17.87%-16.67%CRCLON
90 days-30.20%——

Correlation

0.13over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	SNDKON	CRCLON
Max drawdown (400d)	-56.7%	-30.7%
Risk-adjusted return (90d)	-0.21	0.06

Relative strength over 90 days: CRCLON outperformed SNDKON by 29.7% — measured on the SNDKON/CRCLON ratio, so it holds regardless of market direction.

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