International Business Machines Corporation • Robinhood Token vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 204.1× the size of International Business Machines Corporation • Robinhood Token (IBM) by market capitalisation. Over the past 30 days, IBM is ahead by 24.1 percentage points (IBM +7.4% against CRCLON -16.7%). Their daily returns move barely in opposite directions (correlation -0.07 across 26 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against IBM's 56%.

Correlation: -0.07
Size ratio: 1 : 204.1
Ahead over 30 days: IBM

International Business Machines Corporation • Robinhood TokenIBM

$247.7500

24h: -1.55%
Market cap: $437,009
Volume 24h: $19,214
Volatility (ann.): 56%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

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

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

Performance

IBMCRCLON

7 days+17.51%-6.27%IBM
30 days+7.39%-16.67%IBM

Correlation

-0.07over 26 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	IBM	CRCLON
Max drawdown (400d)	-12.5%	-30.7%
Risk-adjusted return (90d)	0.23	0.06

Relative strength over 90 days: IBM outperformed CRCLON by 39.4% — measured on the IBM/CRCLON ratio, so it holds regardless of market direction.

International Business Machines Corporation • Robinhood Token →Circle Internet Group (Ondo Tokenized Stock) →