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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 9088.5× the size of Applied Optoelectronics • Robinhood Token (AAOI) by market capitalisation. Over the past 30 days, CRCLON is ahead by 24.0 percentage points (AAOI -54.3% against CRCLON -30.3%). Their daily returns move loosely together (correlation 0.35 across 20 shared trading days). AAOI has been the more volatile of the two, at 128% annualised against CRCLON's 100%.

Correlation: 0.35
Size ratio: 1 : 9088.5
Ahead over 30 days: CRCLON

Applied Optoelectronics • Robinhood TokenAAOI

$40.2600

24h: -31.03%
Market cap: $8,988
Volume 24h: $3,017
Volatility (ann.): 128%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$69.2200

24h: -8.21%
Market cap: $81.69M
Volume 24h: $1.38M
Volatility (ann.): 100%

AAOI 0.0%Share of the two combined market caps100.0% CRCLON

Performance

AAOICRCLON

7 days-42.38%-11.43%CRCLON
30 days-54.31%-30.30%CRCLON

Correlation

0.35over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	AAOI	CRCLON
Max drawdown (400d)	-61.1%	-34.9%
Risk-adjusted return (90d)	-0.42	-0.05

Relative strength over 90 days: CRCLON outperformed AAOI by 39.8% — measured on the AAOI/CRCLON ratio, so it holds regardless of market direction.

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