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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1110.6× the size of Datadog • Robinhood Token (DDOG) by market capitalisation. Over the past 30 days, DDOG is ahead by 0.5 percentage points (DDOG -15.4% against CRCLON -15.9%). Their daily returns move barely in opposite directions (correlation -0.07 across 29 shared trading days). Both have run at a similar volatility, around 97% annualised.

Correlation: -0.07
Size ratio: 1 : 1110.6
Ahead over 30 days: DDOG

Datadog • Robinhood TokenDDOG

$188.2400

24h: -13.53%
Market cap: $78,525
Volume 24h: $71,683
Volatility (ann.): 96%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.0700

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

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

Performance

DDOGCRCLON

7 days-32.56%-5.63%CRCLON
30 days-15.37%-15.88%DDOG

Correlation

-0.07over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	DDOG	CRCLON
Max drawdown (400d)	-32.6%	-30.7%
Risk-adjusted return (90d)	-0.20	0.06

Relative strength over 90 days: CRCLON outperformed DDOG by 5.3% — measured on the DDOG/CRCLON ratio, so it holds regardless of market direction.

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