Western Digital (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 585.6× the size of Western Digital (Ondo Tokenized) (WDCON) by market capitalisation. Over the past 90 days, CRCLB is ahead by 49.1 percentage points (WDCON -29.8% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.16 across 110 shared trading days). Both have run at a similar volatility, around 87% annualised.

Correlation: 0.16
Size ratio: 1 : 585.6
Ahead over 90 days: CRCLB

Western Digital (Ondo Tokenized)WDCON

$338.4500

24h: -1.05%
Market cap: $276,190
Volume 24h: $453,217
Volatility (ann.): 93%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.9100

24h: +2.87%
Market cap: $161.75M
Volume 24h: $41.04M
Volatility (ann.): 82%

WDCON 0.2%Share of the two combined market caps99.8% CRCLB

Performance

WDCONCRCLB

7 days-0.19%-5.56%WDCON
30 days-3.47%-9.22%WDCON
90 days-29.83%+19.24%CRCLB

Correlation

0.16over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 0.201y: 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	WDCON	CRCLB
Max drawdown (400d)	-47.2%	-31.5%
Risk-adjusted return (90d)	-0.31	0.23

Relative strength over 90 days: CRCLB outperformed WDCON by 48.1% — measured on the WDCON/CRCLB ratio, so it holds regardless of market direction.

Western Digital (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →