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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 322.0× the size of Western Digital (Ondo Tokenized) (WDCON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 35 shared trading days). Both have run at a similar volatility, around 95% annualised.

Correlation: -0.07
Size ratio: 1 : 322.0

Western Digital (Ondo Tokenized)WDCON

$338.4500

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

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

24h: +1.93%
Market cap: $88.92M
Volume 24h: $1.64M
Volatility (ann.): 97%

WDCON 0.3%Share of the two combined market caps99.7% CRCLON

Performance

WDCONCRCLON

7 days-0.19%-5.63%WDCON
30 days-3.47%-15.88%WDCON
90 days-29.83%——

Correlation

-0.07over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	WDCON	CRCLON
Max drawdown (400d)	-47.2%	-30.7%
Risk-adjusted return (90d)	-0.31	0.06

Relative strength over 90 days: CRCLON outperformed WDCON by 23.4% — measured on the WDCON/CRCLON ratio, so it holds regardless of market direction.

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