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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 135.0× the size of Spotify (Ondo Tokenized Stock) (SPOTON) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against SPOTON's 45%.

Correlation: 0.04
Size ratio: 1 : 135.0

Spotify (Ondo Tokenized Stock)SPOTON

$599.5500

24h: +0.79%
Market cap: $643,233
Volume 24h: $157,406
Volatility (ann.): 45%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

SPOTON 0.7%Share of the two combined market caps99.3% CRCLON

Performance

SPOTONCRCLON

7 days-1.82%-6.27%SPOTON
30 days-6.76%-16.67%SPOTON
90 days+9.96%——
1 year-27.52%——

Correlation

0.04over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	SPOTON	CRCLON
Max drawdown (400d)	-41.9%	-30.7%
Risk-adjusted return (90d)	0.25	0.06

Relative strength over 90 days: CRCLON outperformed SPOTON by 17.4% — measured on the SPOTON/CRCLON ratio, so it holds regardless of market direction.

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