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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 219.1× the size of Vistra (Ondo Tokenized) (VSTON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.19 across 36 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against VSTON's 44%.

Correlation: -0.19
Size ratio: 1 : 219.1

Vistra (Ondo Tokenized)VSTON

$119.9000

24h: -14.39%
Market cap: $408,478
Volume 24h: $156,347
Volatility (ann.): 44%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.0300

24h: +4.55%
Market cap: $89.51M
Volume 24h: $1.63M
Volatility (ann.): 97%

VSTON 0.5%Share of the two combined market caps99.5% CRCLON

Performance

VSTONCRCLON

7 days+2.12%-5.63%VSTON
30 days+4.69%-15.88%VSTON
90 days-5.07%——

Correlation

-0.19over 36 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	VSTON	CRCLON
Max drawdown (400d)	-18.8%	-30.7%
Risk-adjusted return (90d)	-0.12	0.06

Relative strength over 90 days: CRCLON outperformed VSTON by 8.9% — measured on the VSTON/CRCLON ratio, so it holds regardless of market direction.

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