ON Semiconductor Corporation • Robinhood Token vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 2617.3× the size of ON Semiconductor Corporation • Robinhood Token (ON) by market capitalisation. Over the past 30 days, ON is ahead by 0.5 percentage points (ON -15.3% against CRCLON -15.9%). Their daily returns move loosely together (correlation 0.48 across 21 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against ON's 45%.

Correlation: 0.48
Size ratio: 1 : 2617.3
Ahead over 30 days: ON

ON Semiconductor Corporation • Robinhood TokenON

$71.3000

24h: +2.29%
Market cap: $33,407
Volume 24h: $5,665
Volatility (ann.): 45%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.2600

24h: +0.47%
Market cap: $87.44M
Volume 24h: $1.21M
Volatility (ann.): 97%

ON 0.0%Share of the two combined market caps100.0% CRCLON

Performance

ONCRCLON

7 days-8.52%-5.63%CRCLON
30 days-15.33%-15.88%ON

Correlation

0.48over 21 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	ON	CRCLON
Max drawdown (400d)	-18.2%	-30.7%
Risk-adjusted return (90d)	-0.40	0.06

Relative strength over 90 days: CRCLON outperformed ON by 2.7% — measured on the ON/CRCLON ratio, so it holds regardless of market direction.

ON Semiconductor Corporation • Robinhood Token →Circle Internet Group (Ondo Tokenized Stock) →