SpaceX (Coinbase Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 37.2× the size of SpaceX (Coinbase Tokenized Stock) (SPCXC) by market capitalisation. Over the past 30 days, CRCLON is ahead by 6.3 percentage points (SPCXC -22.2% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.34 across 22 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against SPCXC's 65%.

Correlation: 0.34
Size ratio: 1 : 37.2
Ahead over 30 days: CRCLON

SpaceX (Coinbase Tokenized Stock)SPCXC

$136.0900

24h: -0.92%
Market cap: $2.41M
Volume 24h: $8.86M
Volatility (ann.): 65%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.9900

24h: +2.18%
Market cap: $89.50M
Volume 24h: $1.65M
Volatility (ann.): 97%

SPCXC 2.6%Share of the two combined market caps97.4% CRCLON

Performance

SPCXCCRCLON

7 days-6.52%-5.63%CRCLON
30 days-22.20%-15.88%CRCLON

Correlation

0.34over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SPCXC	CRCLON
Max drawdown (400d)	-22.6%	-30.7%
Risk-adjusted return (90d)	-0.15	0.06

Relative strength over 90 days: CRCLON outperformed SPCXC by 10.8% — measured on the SPCXC/CRCLON ratio, so it holds regardless of market direction.

SpaceX (Coinbase Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →