Moderna, Inc. • Robinhood Token vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 169.3× the size of Moderna, Inc. • Robinhood Token (MRNA) by market capitalisation. Over the past 30 days, MRNA is ahead by 78.7 percentage points (MRNA +62.1% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.20 across 30 shared trading days). Both have run at a similar volatility, around 96% annualised.

Correlation: 0.20
Size ratio: 1 : 169.3
Ahead over 30 days: MRNA

Moderna, Inc. • Robinhood TokenMRNA

$225.7200

24h: +2.36%
Market cap: $526,882
Volume 24h: $370,702
Volatility (ann.): 94%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5400

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

MRNA 0.6%Share of the two combined market caps99.4% CRCLON

Performance

MRNACRCLON

7 days+25.51%-6.27%MRNA
30 days+62.08%-16.67%MRNA

Correlation

0.20over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	MRNA	CRCLON
Max drawdown (400d)	-12.6%	-30.7%
Risk-adjusted return (90d)	0.65	0.06

Relative strength over 90 days: MRNA outperformed CRCLON by 104.0% — measured on the MRNA/CRCLON ratio, so it holds regardless of market direction.

Moderna, Inc. • Robinhood Token →Circle Internet Group (Ondo Tokenized Stock) →