Strive Preferred (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 163.0× the size of Strive Preferred (Ondo Tokenized) (SATAON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.12 across 26 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against SATAON's 6%.

Correlation: -0.12
Size ratio: 1 : 163.0

Strive Preferred (Ondo Tokenized)SATAON

$102.9800

24h: +2.46%
Market cap: $989,021
Volume 24h: $185,267
Volatility (ann.): 6%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3800

24h: -0.94%
Market cap: $161.17M
Volume 24h: $40.39M
Volatility (ann.): 82%

SATAON 0.6%Share of the two combined market caps99.4% CRCLB

Performance

SATAONCRCLB

7 days-0.11%-5.56%SATAON
30 days+1.14%-9.22%SATAON
90 days—+19.24%—

Correlation

-0.12over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	SATAON	CRCLB
Max drawdown (400d)	-0.6%	-31.5%
Risk-adjusted return (90d)	0.18	0.23

Relative strength over 90 days: SATAON outperformed CRCLB by 8.1% — measured on the SATAON/CRCLB ratio, so it holds regardless of market direction.

Strive Preferred (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →