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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 69.9× the size of UnitedHealth (Ondo Tokenized Stock) (UNHON) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against UNHON's 35%.

Correlation: 0.12
Size ratio: 1 : 69.9

UnitedHealth (Ondo Tokenized Stock)UNHON

$410.2800

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.7100

24h: +1.36%
Market cap: $90.35M
Volume 24h: $1.68M
Volatility (ann.): 98%

UNHON 1.4%Share of the two combined market caps98.6% CRCLON

Performance

UNHONCRCLON

7 days+1.48%-6.27%UNHON
30 days-3.46%-16.67%UNHON
90 days-10.86%——
1 year+10.61%——

Correlation

0.12over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	UNHON	CRCLON
Max drawdown (400d)	-29.9%	-30.7%
Risk-adjusted return (90d)	-0.50	0.06

Relative strength over 90 days: CRCLON outperformed UNHON by 19.2% — measured on the UNHON/CRCLON ratio, so it holds regardless of market direction.

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