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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 128.9× the size of ServiceNow (Ondo Tokenized Stock) (NOWON) by market capitalisation. Over the past 90 days, NOWON is ahead by 18.2 percentage points (NOWON +39.4% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.28 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NOWON's 61%.

Correlation: 0.28
Size ratio: 1 : 128.9
Ahead over 90 days: NOWON

ServiceNow (Ondo Tokenized Stock)NOWON

$535.3400

24h: +0.83%
Market cap: $1.24M
Volume 24h: $450,243
Volatility (ann.): 61%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8400

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

NOWON 0.8%Share of the two combined market caps99.2% CRCLB

Performance

NOWONCRCLB

7 days+0.10%-7.34%NOWON
30 days-3.25%-10.38%NOWON
90 days+39.45%+21.21%NOWON

Correlation

0.28over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 0.251y: 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	NOWON	CRCLB
Max drawdown (400d)	-47.5%	-31.5%
Risk-adjusted return (90d)	0.69	0.25

Relative strength over 90 days: NOWON outperformed CRCLB by 3.1% — measured on the NOWON/CRCLB ratio, so it holds regardless of market direction.

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