Super Micro Computer (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 115.6× the size of Super Micro Computer (bStocks Tokenized Stock) (SMCIB) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 56 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against SMCIB's 82%.

Correlation: 0.44
Size ratio: 1 : 115.6

Super Micro Computer (bStocks Tokenized Stock)SMCIB

$31.3700

24h: -0.18%
Market cap: $745,818
Volume 24h: $95,791
Volatility (ann.): 82%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.2400

24h: +0.61%
Market cap: $86.22M
Volume 24h: $993,994
Volatility (ann.): 98%

SMCIB 0.9%Share of the two combined market caps99.1% CRCLON

Performance

SMCIBCRCLON

7 days-2.59%-6.27%SMCIB
30 days-21.97%-16.67%CRCLON
90 days+13.17%——

Correlation

0.44over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	SMCIB	CRCLON
Max drawdown (400d)	-31.2%	-30.7%
Risk-adjusted return (90d)	0.16	0.06

Relative strength over 90 days: CRCLON outperformed SMCIB by 12.5% — measured on the SMCIB/CRCLON ratio, so it holds regardless of market direction.

Super Micro Computer (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →