UnitedHealth (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 128.5× the size of UnitedHealth (Ondo Tokenized Stock) (UNHON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against UNHON's 35%.

Correlation: -0.06
Size ratio: 1 : 128.5

UnitedHealth (Ondo Tokenized Stock)UNHON

$410.2800

24h: +1.81%
Market cap: $1.29M
Volume 24h: $577,913
Volatility (ann.): 35%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.7000

24h: +0.70%
Market cap: $165.99M
Volume 24h: $43.26M
Volatility (ann.): 82%

UNHON 0.8%Share of the two combined market caps99.2% CRCLB

Performance

UNHONCRCLB

7 days+1.48%-7.34%UNHON
30 days-3.46%-10.38%UNHON
90 days-10.86%+21.21%CRCLB
1 year+10.61%——

Correlation

-0.06over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: -0.081y: 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	UNHON	CRCLB
Max drawdown (400d)	-29.9%	-31.5%
Risk-adjusted return (90d)	-0.50	0.25

Relative strength over 90 days: CRCLB outperformed UNHON by 33.7% — measured on the UNHON/CRCLB ratio, so it holds regardless of market direction.

UnitedHealth (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →