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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1007.3× the size of Applied Materials • Robinhood Token (AMAT) by market capitalisation. Over the past 30 days, CRCLON is ahead by 5.7 percentage points (AMAT -21.5% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.28 across 28 shared trading days). Both have run at a similar volatility, around 91% annualised.

Correlation: 0.28
Size ratio: 1 : 1007.3
Ahead over 30 days: CRCLON

Applied Materials • Robinhood TokenAMAT

$373.9500

24h: -3.35%
Market cap: $86,576
Volume 24h: $264
Volatility (ann.): 85%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.0700

24h: +1.25%
Market cap: $87.21M
Volume 24h: $1.22M
Volatility (ann.): 97%

AMAT 0.1%Share of the two combined market caps99.9% CRCLON

Performance

AMATCRCLON

7 days-28.14%-5.63%CRCLON
30 days-21.54%-15.88%CRCLON

Correlation

0.28over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	AMAT	CRCLON
Max drawdown (400d)	-28.1%	-30.7%
Risk-adjusted return (90d)	-0.23	0.06

Relative strength over 90 days: CRCLON outperformed AMAT by 5.4% — measured on the AMAT/CRCLON ratio, so it holds regardless of market direction.

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