TSMC xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 16.6× the size of TSMC xStock (TSMX) by market capitalisation. Over the past 30 days, CRCLON is ahead by 30.2 percentage points (TSMX -46.8% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.00 across 31 shared trading days). TSMX has been the more volatile of the two, at 314% annualised against CRCLON's 98%.

Correlation: 0.00
Size ratio: 1 : 16.6
Ahead over 30 days: CRCLON

TSMC xStockTSMX

$401.8200

24h: -0.39%
Market cap: $5.22M
Volume 24h: $3,979
Volatility (ann.): 314%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

TSMX 5.7%Share of the two combined market caps94.3% CRCLON

Performance

TSMXCRCLON

7 days-0.85%-6.27%TSMX
30 days-46.85%-16.67%CRCLON

Correlation

0.00over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0090d: 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	TSMX	CRCLON
Max drawdown (400d)	-47.7%	-30.7%
Risk-adjusted return (90d)	-0.15	0.06

Relative strength over 90 days: CRCLON outperformed TSMX by 36.4% — measured on the TSMX/CRCLON ratio, so it holds regardless of market direction.

TSMC xStock →Circle Internet Group (Ondo Tokenized Stock) →