Uber xStock vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 122.3× the size of Uber xStock (UBERX) by market capitalisation. Over the past 30 days, UBERX is ahead by 1.6 percentage points (UBERX -15.1% against CRCLON -16.7%). Their daily returns move barely in opposite directions (correlation -0.11 across 25 shared trading days). UBERX has been the more volatile of the two, at 826% annualised against CRCLON's 98%.

Correlation: -0.11
Size ratio: 1 : 122.3
Ahead over 30 days: UBERX

Uber xStockUBERX

$66.5200

24h: +1.15%
Market cap: $704,868
Volume 24h: $546
Volatility (ann.): 826%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.2400

24h: +0.61%
Market cap: $86.22M
Volume 24h: $993,994
Volatility (ann.): 98%

UBERX 0.8%Share of the two combined market caps99.2% CRCLON

Performance

UBERXCRCLON

7 days-8.17%-6.27%CRCLON
30 days-15.11%-16.67%UBERX

Correlation

-0.11over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: 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	UBERX	CRCLON
Max drawdown (400d)	-66.4%	-30.7%
Risk-adjusted return (90d)	-0.02	0.06

Relative strength over 90 days: UBERX outperformed CRCLON by 6.8% — measured on the UBERX/CRCLON ratio, so it holds regardless of market direction.

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