Wells Fargo (Ondo Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 122.3× the size of Wells Fargo (Ondo Tokenized Stock) (WFCON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.30 across 30 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against WFCON's 35%.

Correlation: -0.30
Size ratio: 1 : 122.3

Wells Fargo (Ondo Tokenized Stock)WFCON

$86.8400

24h: -1.13%
Market cap: $1.31M
Volume 24h: $5
Volatility (ann.): 35%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.3300

24h: +1.39%
Market cap: $159.79M
Volume 24h: $29.30M
Volatility (ann.): 82%

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

Performance

WFCONCRCLB

7 days+3.87%-7.34%WFCON
30 days-1.66%-10.38%WFCON
90 days—+21.21%—

Correlation

-0.30over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	WFCON	CRCLB
Max drawdown (400d)	-10.8%	-31.5%
Risk-adjusted return (90d)	-0.05	0.25

Relative strength over 90 days: WFCON outperformed CRCLB by 27.8% — measured on the WFCON/CRCLB ratio, so it holds regardless of market direction.

Wells Fargo (Ondo Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →