Cloudflare, Inc. • Robinhood Token vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 581.6× the size of Cloudflare, Inc. • Robinhood Token (NET) by market capitalisation. Over the past 30 days, NET is ahead by 0.6 percentage points (NET -15.3% against CRCLON -15.9%). Their daily returns move loosely together (correlation 0.44 across 29 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against NET's 74%.

Correlation: 0.44
Size ratio: 1 : 581.6
Ahead over 30 days: NET

Cloudflare, Inc. • Robinhood TokenNET

$263.3500

24h: -1.54%
Market cap: $140,394
Volume 24h: $86,542
Volatility (ann.): 74%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$69.3500

24h: -5.53%
Market cap: $81.65M
Volume 24h: $1.12M
Volatility (ann.): 97%

NET 0.2%Share of the two combined market caps99.8% CRCLON

Performance

NETCRCLON

7 days-14.53%-5.63%CRCLON
30 days-15.29%-15.88%NET

Correlation

0.44over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	NET	CRCLON
Max drawdown (400d)	-26.1%	-30.7%
Risk-adjusted return (90d)	-0.09	0.06

Relative strength over 90 days: NET outperformed CRCLON by 9.4% — measured on the NET/CRCLON ratio, so it holds regardless of market direction.

Cloudflare, Inc. • Robinhood Token →Circle Internet Group (Ondo Tokenized Stock) →