SpaceX xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1.2× the size of SpaceX xStock (SPCXX) by market capitalisation. Over the past 30 days, SPCXX is ahead by 11.6 percentage points (SPCXX -5.1% against CRCLON -16.7%). Their daily returns move loosely together (correlation 0.43 across 50 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against SPCXX's 44%.

Correlation: 0.43
Size ratio: 1 : 1.2
Ahead over 30 days: SPCXX

SpaceX xStockSPCXX

$135.9300

24h: -3.73%
Market cap: $78.43M
Volume 24h: $13.37M
Volatility (ann.): 44%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.7900

24h: +0.84%
Market cap: $90.41M
Volume 24h: $1.69M
Volatility (ann.): 98%

SPCXX 46.5%Share of the two combined market caps53.5% CRCLON

Performance

SPCXXCRCLON

7 days-4.45%-6.27%SPCXX
30 days-5.11%-16.67%SPCXX

Correlation

0.43over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	SPCXX	CRCLON
Max drawdown (400d)	-13.5%	-30.7%
Risk-adjusted return (90d)	0.09	0.06

Relative strength over 90 days: SPCXX outperformed CRCLON by 20.9% — measured on the SPCXX/CRCLON ratio, so it holds regardless of market direction.

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