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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 436.7× the size of IREN Limited • Robinhood Token (IREN) by market capitalisation. Over the past 30 days, CRCLON is ahead by 25.1 percentage points (IREN -55.4% against CRCLON -30.3%). Their daily returns move loosely together (correlation 0.56 across 23 shared trading days). Both have run at a similar volatility, around 105% annualised.

Correlation: 0.56
Size ratio: 1 : 436.7
Ahead over 30 days: CRCLON

IREN Limited • Robinhood TokenIREN

$20.5200

24h: -3.65%
Market cap: $187,049
Volume 24h: $76,755
Volatility (ann.): 109%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$69.2200

24h: -8.21%
Market cap: $81.69M
Volume 24h: $1.38M
Volatility (ann.): 100%

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

Performance

IRENCRCLON

7 days-27.10%-11.43%CRCLON
30 days-55.39%-30.30%CRCLON

Correlation

0.56over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	IREN	CRCLON
Max drawdown (400d)	-55.6%	-34.9%
Risk-adjusted return (90d)	-0.50	-0.05

Relative strength over 90 days: CRCLON outperformed IREN by 31.4% — measured on the IREN/CRCLON ratio, so it holds regardless of market direction.

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