Alphabet Class A • Robinhood Token vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 11.4× the size of Alphabet Class A • Robinhood Token (GOOGL) by market capitalisation. Over the past 30 days, CRCLON is ahead by 1.3 percentage points (GOOGL -17.9% against CRCLON -16.7%). Their daily returns move loosely together (correlation 0.46 across 31 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against GOOGL's 51%.

Correlation: 0.46
Size ratio: 1 : 11.4
Ahead over 30 days: CRCLON

Alphabet Class A • Robinhood TokenGOOGL

$276.2300

24h: -1.57%
Market cap: $7.59M
Volume 24h: $4.57M
Volatility (ann.): 51%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

GOOGL 8.0%Share of the two combined market caps92.0% CRCLON

Performance

GOOGLCRCLON

7 days-18.19%-6.27%CRCLON
30 days-17.94%-16.67%CRCLON

Correlation

0.46over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	GOOGL	CRCLON
Max drawdown (400d)	-21.4%	-30.7%
Risk-adjusted return (90d)	-0.38	0.06

Relative strength over 90 days: CRCLON outperformed GOOGL by 6.7% — measured on the GOOGL/CRCLON ratio, so it holds regardless of market direction.

Alphabet Class A • Robinhood Token →Circle Internet Group (Ondo Tokenized Stock) →