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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 28.4× the size of Coinbase • Robinhood Token (COIN) by market capitalisation. Over the past 30 days, CRCLON is ahead by 4.5 percentage points (COIN -21.1% against CRCLON -16.7%). Their daily returns move closely together (correlation 0.82 across 31 shared trading days). Both have run at a similar volatility, around 99% annualised.

Correlation: 0.82
Size ratio: 1 : 28.4
Ahead over 30 days: CRCLON

Coinbase • Robinhood TokenCOIN

$142.5400

24h: +3.24%
Market cap: $3.11M
Volume 24h: $1.05M
Volatility (ann.): 100%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.0000

24h: -1.28%
Market cap: $88.30M
Volume 24h: $1.54M
Volatility (ann.): 98%

COIN 3.4%Share of the two combined market caps96.6% CRCLON

Performance

COINCRCLON

7 days-7.71%-6.27%CRCLON
30 days-21.13%-16.67%CRCLON

Correlation

0.82over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8290d: 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	COIN	CRCLON
Max drawdown (400d)	-31.0%	-30.7%
Risk-adjusted return (90d)	-0.19	0.06

Relative strength over 90 days: CRCLON outperformed COIN by 5.0% — measured on the COIN/CRCLON ratio, so it holds regardless of market direction.

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