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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 605.9× the size of Lumentum • Robinhood Token (LITE) by market capitalisation. Over the past 30 days, CRCLON is ahead by 26.1 percentage points (LITE -42.0% against CRCLON -15.9%). Their daily returns move barely in opposite directions (correlation -0.07 across 22 shared trading days). Both have run at a similar volatility, around 101% annualised.

Correlation: -0.07
Size ratio: 1 : 605.9
Ahead over 30 days: CRCLON

Lumentum • Robinhood TokenLITE

$615.9400

24h: -6.04%
Market cap: $146,530
Volume 24h: $21,142
Volatility (ann.): 106%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.4000

24h: -0.93%
Market cap: $88.78M
Volume 24h: $1.59M
Volatility (ann.): 97%

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

Performance

LITECRCLON

7 days-31.78%-5.63%CRCLON
30 days-42.02%-15.88%CRCLON

Correlation

-0.07over 22 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	LITE	CRCLON
Max drawdown (400d)	-45.1%	-30.7%
Risk-adjusted return (90d)	-0.40	0.06

Relative strength over 90 days: CRCLON outperformed LITE by 32.9% — measured on the LITE/CRCLON ratio, so it holds regardless of market direction.

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