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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 13.2× the size of SpaceX (Ondo Tokenized Stock) (SPCXON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 25.5 percentage points (SPCXON -4.3% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.19 across 118 shared trading days). Both have run at a similar volatility, around 79% annualised.

Correlation: 0.19
Size ratio: 1 : 13.2
Ahead over 90 days: CRCLB

SpaceX (Ondo Tokenized Stock)SPCXON

$136.2400

24h: -0.99%
Market cap: $12.09M
Volume 24h: $1.74M
Volatility (ann.): 77%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

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

SPCXON 7.0%Share of the two combined market caps93.0% CRCLB

Performance

SPCXONCRCLB

7 days-6.40%-7.34%SPCXON
30 days-8.75%-10.38%SPCXON
90 days-4.32%+21.21%CRCLB

Correlation

0.19over 118 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 0.291y: 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	SPCXON	CRCLB
Max drawdown (400d)	-47.6%	-31.5%
Risk-adjusted return (90d)	-0.07	0.25

Relative strength over 90 days: CRCLB outperformed SPCXON by 15.2% — measured on the SPCXON/CRCLB ratio, so it holds regardless of market direction.

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