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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 8.6× the size of SK Hynix xStock (SKHYX) by market capitalisation. Over the past 30 days, SKHYX is ahead by 3.0 percentage points (SKHYX -13.7% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.17 across 31 shared trading days). Both have run at a similar volatility, around 95% annualised.

Correlation: 0.17
Size ratio: 1 : 8.6
Ahead over 30 days: SKHYX

SK Hynix xStockSKHYX

$145.4200

24h: -2.09%
Market cap: $10.14M
Volume 24h: $185,937
Volatility (ann.): 92%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

SKHYX 10.5%Share of the two combined market caps89.5% CRCLON

Performance

SKHYXCRCLON

7 days-18.02%-6.27%CRCLON
30 days-13.70%-16.67%SKHYX

Correlation

0.17over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	SKHYX	CRCLON
Max drawdown (400d)	-25.7%	-30.7%
Risk-adjusted return (90d)	-0.08	0.06

Relative strength over 90 days: SKHYX outperformed CRCLON by 13.2% — measured on the SKHYX/CRCLON ratio, so it holds regardless of market direction.

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