Tower Semiconductor (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1148.6× the size of Tower Semiconductor (Ondo Tokenized) (TSEMON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 27 shared trading days). Both have run at a similar volatility, around 79% annualised.

Correlation: -0.07
Size ratio: 1 : 1148.6

Tower Semiconductor (Ondo Tokenized)TSEMON

$146.6100

24h: -6.27%
Market cap: $140,520
Volume 24h: $4,314
Volatility (ann.): 76%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.6500

24h: +0.27%
Market cap: $161.41M
Volume 24h: $37.31M
Volatility (ann.): 82%

TSEMON 0.1%Share of the two combined market caps99.9% CRCLB

Performance

TSEMONCRCLB

7 days-1.51%-5.56%TSEMON
30 days+14.47%-9.22%TSEMON
90 days—+19.24%—

Correlation

-0.07over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	TSEMON	CRCLB
Max drawdown (400d)	-14.1%	-31.5%
Risk-adjusted return (90d)	0.19	0.23

Relative strength over 90 days: TSEMON outperformed CRCLB by 22.3% — measured on the TSEMON/CRCLB ratio, so it holds regardless of market direction.

Tower Semiconductor (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →