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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 69.0× the size of Visa (Ondo Tokenized Stock) (VON) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against VON's 56%.

Correlation: 0.22
Size ratio: 1 : 69.0

Visa (Ondo Tokenized Stock)VON

$421.6900

24h: -1.30%
Market cap: $2.30M
Volume 24h: $1,517
Volatility (ann.): 56%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.7000

24h: +0.49%
Market cap: $158.63M
Volume 24h: $25.34M
Volatility (ann.): 82%

VON 1.4%Share of the two combined market caps98.6% CRCLB

Performance

VONCRCLB

7 days+1.92%-7.34%VON
30 days-3.78%-10.38%VON
90 days—+21.21%—

Correlation

0.22over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	VON	CRCLB
Max drawdown (400d)	-13.1%	-31.5%
Risk-adjusted return (90d)	-0.07	0.25

Relative strength over 90 days: VON outperformed CRCLB by 0.2% — measured on the VON/CRCLB ratio, so it holds regardless of market direction.

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