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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 51.8× the size of Super Micro Computer (Ondo Tokenized Stock) (SMCION) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 35 shared trading days). Both have run at a similar volatility, around 98% annualised.

Correlation: 0.27
Size ratio: 1 : 51.8

Super Micro Computer (Ondo Tokenized Stock)SMCION

$33.1500

24h: +6.78%
Market cap: $1.75M
Volume 24h: $616,448
Volatility (ann.): 98%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9100

24h: +1.37%
Market cap: $90.55M
Volume 24h: $1.69M
Volatility (ann.): 98%

SMCION 1.9%Share of the two combined market caps98.1% CRCLON

Performance

SMCIONCRCLON

7 days+2.56%-6.27%SMCION
30 days+14.32%-16.67%SMCION
90 days+44.35%——

Correlation

0.27over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	SMCION	CRCLON
Max drawdown (400d)	-51.3%	-30.7%
Risk-adjusted return (90d)	0.49	0.06

Relative strength over 90 days: CRCLON outperformed SMCION by 3.8% — measured on the SMCION/CRCLON ratio, so it holds regardless of market direction.

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