USA Rare Earth (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1265.8× the size of USA Rare Earth (Ondo Tokenized) (USARON) by market capitalisation. Over the past 30 days, CRCLON is ahead by 2.6 percentage points (USARON -18.5% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.25 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against USARON's 84%.

Correlation: 0.25
Size ratio: 1 : 1265.8
Ahead over 30 days: CRCLON

USA Rare Earth (Ondo Tokenized)USARON

$8.1500

24h: -5.07%
Market cap: $64,507
Volume 24h: $142,195
Volatility (ann.): 84%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$69.3500

24h: -5.53%
Market cap: $81.65M
Volume 24h: $1.12M
Volatility (ann.): 97%

USARON 0.1%Share of the two combined market caps99.9% CRCLON

Performance

USARONCRCLON

7 days-13.40%-5.63%CRCLON
30 days-18.48%-15.88%CRCLON

Correlation

0.25over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	USARON	CRCLON
Max drawdown (400d)	-27.0%	-30.7%
Risk-adjusted return (90d)	-0.19	0.06

Relative strength over 90 days: CRCLON outperformed USARON by 33.0% — measured on the USARON/CRCLON ratio, so it holds regardless of market direction.

USA Rare Earth (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →