Taiwan Semiconductor Manufacturing (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 28.3× the size of Taiwan Semiconductor Manufacturing (Ondo Tokenized Stock) (TSMON) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against TSMON's 43%.

Correlation: 0.22
Size ratio: 1 : 28.3

Taiwan Semiconductor Manufacturing (Ondo Tokenized Stock)TSMON

$403.7100

24h: -1.08%
Market cap: $5.83M
Volume 24h: $846,515
Volatility (ann.): 43%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.8500

24h: +1.05%
Market cap: $164.93M
Volume 24h: $39.11M
Volatility (ann.): 82%

TSMON 3.4%Share of the two combined market caps96.6% CRCLB

Performance

TSMONCRCLB

7 days+0.66%-7.34%TSMON
30 days+7.31%-10.38%TSMON
90 days-5.24%+21.21%CRCLB
1 year+56.82%——

Correlation

0.22over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 0.361y: 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	TSMON	CRCLB
Max drawdown (400d)	-21.5%	-31.5%
Risk-adjusted return (90d)	-0.13	0.25

Relative strength over 90 days: CRCLB outperformed TSMON by 29.9% — measured on the TSMON/CRCLB ratio, so it holds regardless of market direction.

Taiwan Semiconductor Manufacturing (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →