SK Hynix (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 2.7× the size of SK Hynix (bStocks Tokenized Stock) (SKHYB) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 56 shared trading days). Both have run at a similar volatility, around 99% annualised.

Correlation: 0.31
Size ratio: 1 : 2.7

SK Hynix (bStocks Tokenized Stock)SKHYB

$147.1200

24h: -3.10%
Market cap: $32.36M
Volume 24h: $18.33M
Volatility (ann.): 99%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

SKHYB 27.1%Share of the two combined market caps72.9% CRCLON

Performance

SKHYBCRCLON

7 days+2.81%-6.27%SKHYB
30 days-21.75%-16.67%CRCLON
90 days+3.78%——

Correlation

0.31over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	SKHYB	CRCLON
Max drawdown (400d)	-32.7%	-30.7%
Risk-adjusted return (90d)	0.05	0.06

Relative strength over 90 days: CRCLON outperformed SKHYB by 5.4% — measured on the SKHYB/CRCLON ratio, so it holds regardless of market direction.

SK Hynix (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →