Texas Instruments (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 199.2× the size of Texas Instruments (Ondo Tokenized) (TXNON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 28.6 percentage points (TXNON -7.4% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.09 across 110 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against TXNON's 46%.

Correlation: 0.09
Size ratio: 1 : 199.2
Ahead over 90 days: CRCLB

Texas Instruments (Ondo Tokenized)TXNON

$316.2200

24h: +2.78%
Market cap: $818,384
Volume 24h: $173,902
Volatility (ann.): 46%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2100

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

TXNON 0.5%Share of the two combined market caps99.5% CRCLB

Performance

TXNONCRCLB

7 days+1.99%-7.34%TXNON
30 days+6.82%-10.38%TXNON
90 days-7.41%+21.21%CRCLB

Correlation

0.09over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 0.341y: 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	TXNON	CRCLB
Max drawdown (400d)	-23.2%	-31.5%
Risk-adjusted return (90d)	-0.22	0.25

Relative strength over 90 days: CRCLB outperformed TXNON by 31.5% — measured on the TXNON/CRCLB ratio, so it holds regardless of market direction.

Texas Instruments (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →