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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 204.1× the size of CoreWeave • Robinhood Token (CRWV) by market capitalisation. Over the past 30 days, CRCLON is ahead by 30.4 percentage points (CRWV -47.0% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.28 across 28 shared trading days). Both have run at a similar volatility, around 105% annualised.

Correlation: 0.28
Size ratio: 1 : 204.1
Ahead over 30 days: CRCLON

CoreWeave • Robinhood TokenCRWV

$51.0300

24h: +1.59%
Market cap: $437,184
Volume 24h: $130,861
Volatility (ann.): 112%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

24h: +5.60%
Market cap: $89.21M
Volume 24h: $693,303
Volatility (ann.): 98%

CRWV 0.5%Share of the two combined market caps99.5% CRCLON

Performance

CRWVCRCLON

7 days-38.96%-6.27%CRCLON
30 days-47.03%-16.67%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	CRWV	CRCLON
Max drawdown (400d)	-47.0%	-30.7%
Risk-adjusted return (90d)	-0.31	0.06

Relative strength over 90 days: CRCLON outperformed CRWV by 23.6% — measured on the CRWV/CRCLON ratio, so it holds regardless of market direction.

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