Thermo Fisher Scientific (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 54589.2× the size of Thermo Fisher Scientific (Ondo Tokenized Stock) (TMOON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.27 across 29 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against TMOON's 32%.

Correlation: -0.27
Size ratio: 1 : 54589.2

Thermo Fisher Scientific (Ondo Tokenized Stock)TMOON

$710.9400

24h: +2.03%
Market cap: $2,760
Volume 24h: $5
Volatility (ann.): 32%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.4300

24h: -10.57%
Market cap: $150.64M
Volume 24h: $41.90M
Volatility (ann.): 82%

TMOON 0.0%Share of the two combined market caps100.0% CRCLB

Performance

TMOONCRCLB

7 days-4.37%-5.56%TMOON
30 days+7.61%-9.22%TMOON
90 days—+19.24%—

Correlation

-0.27over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2790d: 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	TMOON	CRCLB
Max drawdown (400d)	-4.7%	-31.5%
Risk-adjusted return (90d)	0.24	0.23

Relative strength over 90 days: TMOON outperformed CRCLB by 26.4% — measured on the TMOON/CRCLB ratio, so it holds regardless of market direction.

Thermo Fisher Scientific (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →