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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 7.2× the size of SpaceX (Ondo Tokenized Stock) (SPCXON) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 44 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against SPCXON's 77%.

Correlation: 0.22
Size ratio: 1 : 7.2

SpaceX (Ondo Tokenized Stock)SPCXON

$136.2400

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

SPCXON 12.2%Share of the two combined market caps87.8% CRCLON

Performance

SPCXONCRCLON

7 days-6.40%-6.27%CRCLON
30 days-8.75%-16.67%SPCXON
90 days-4.32%——

Correlation

0.22over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	SPCXON	CRCLON
Max drawdown (400d)	-47.6%	-30.7%
Risk-adjusted return (90d)	-0.07	0.06

Relative strength over 90 days: CRCLON outperformed SPCXON by 7.4% — measured on the SPCXON/CRCLON ratio, so it holds regardless of market direction.

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