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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 109.0× the size of Texas Instruments (Ondo Tokenized) (TXNON) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against TXNON's 46%.

Correlation: 0.19
Size ratio: 1 : 109.0

Texas Instruments (Ondo Tokenized)TXNON

$316.2200

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

24h: +5.60%
Market cap: $89.21M
Volume 24h: $693,303
Volatility (ann.): 98%

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

Performance

TXNONCRCLON

7 days+1.99%-6.27%TXNON
30 days+6.82%-16.67%TXNON
90 days-7.41%——

Correlation

0.19over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	TXNON	CRCLON
Max drawdown (400d)	-23.2%	-30.7%
Risk-adjusted return (90d)	-0.22	0.06

Relative strength over 90 days: CRCLON outperformed TXNON by 14.9% — measured on the TXNON/CRCLON ratio, so it holds regardless of market direction.

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