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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1379.4× the size of Seagate (Ondo Tokenized) (STXON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 26.7 percentage points (STXON -7.4% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.13 across 110 shared trading days). Both have run at a similar volatility, around 80% annualised.

Correlation: 0.13
Size ratio: 1 : 1379.4
Ahead over 90 days: CRCLB

Seagate (Ondo Tokenized)STXON

$545.5600

24h: -7.92%
Market cap: $103,921
Volume 24h: $421,614
Volatility (ann.): 79%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.7400

24h: -12.45%
Market cap: $143.35M
Volume 24h: $40.23M
Volatility (ann.): 82%

STXON 0.1%Share of the two combined market caps99.9% CRCLB

Performance

STXONCRCLB

7 days+2.08%-5.56%STXON
30 days+7.96%-9.22%STXON
90 days-7.42%+19.24%CRCLB

Correlation

0.13over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 0.181y: 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	STXON	CRCLB
Max drawdown (400d)	-34.4%	-31.5%
Risk-adjusted return (90d)	-0.09	0.23

Relative strength over 90 days: CRCLB outperformed STXON by 31.5% — measured on the STXON/CRCLB ratio, so it holds regardless of market direction.

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