Alibaba • Robinhood Token vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 57.5× the size of Alibaba • Robinhood Token (BABA) by market capitalisation. Over the past 30 days, BABA is ahead by 7.6 percentage points (BABA -9.1% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.29 across 27 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against BABA's 37%.

Correlation: 0.29
Size ratio: 1 : 57.5
Ahead over 30 days: BABA

Alibaba • Robinhood TokenBABA

$99.6600

24h: -3.54%
Market cap: $1.55M
Volume 24h: $468,931
Volatility (ann.): 37%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

24h: +5.60%
Market cap: $89.21M
Volume 24h: $693,303
Volatility (ann.): 98%

BABA 1.7%Share of the two combined market caps98.3% CRCLON

Performance

BABACRCLON

7 days-5.45%-6.27%BABA
30 days-9.05%-16.67%BABA

Correlation

0.29over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	BABA	CRCLON
Max drawdown (400d)	-16.0%	-30.7%
Risk-adjusted return (90d)	-0.26	0.06

Relative strength over 90 days: BABA outperformed CRCLON by 12.0% — measured on the BABA/CRCLON ratio, so it holds regardless of market direction.

Alibaba • Robinhood Token →Circle Internet Group (Ondo Tokenized Stock) →