Take-Two Interactive Software (Backpack Securities) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 28.3× the size of Take-Two Interactive Software (Backpack Securities) (TTWO) by market capitalisation. Over the past 30 days, TTWO is ahead by 8.4 percentage points (TTWO -8.3% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.14 across 28 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against TTWO's 31%.

Correlation: 0.14
Size ratio: 1 : 28.3
Ahead over 30 days: TTWO

Take-Two Interactive Software (Backpack Securities)TTWO

$193.8700

24h: +0.36%
Market cap: $3.16M
Volume 24h: $9.96M
Volatility (ann.): 31%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.0600

24h: -0.49%
Market cap: $89.57M
Volume 24h: $1.66M
Volatility (ann.): 98%

TTWO 3.4%Share of the two combined market caps96.6% CRCLON

Performance

TTWOCRCLON

7 days-6.17%-6.27%TTWO
30 days-8.28%-16.67%TTWO

Correlation

0.14over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	TTWO	CRCLON
Max drawdown (400d)	-13.5%	-30.7%
Risk-adjusted return (90d)	-0.31	0.06

Relative strength over 90 days: TTWO outperformed CRCLON by 6.5% — measured on the TTWO/CRCLON ratio, so it holds regardless of market direction.

Take-Two Interactive Software (Backpack Securities) →Circle Internet Group (Ondo Tokenized Stock) →