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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1176.3× the size of Penguin Solutions • Robinhood Token (PENG) by market capitalisation. Over the past 30 days, CRCLON is ahead by 4.2 percentage points (PENG -20.1% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.22 across 22 shared trading days). PENG has been the more volatile of the two, at 122% annualised against CRCLON's 97%.

Correlation: 0.22
Size ratio: 1 : 1176.3
Ahead over 30 days: CRCLON

Penguin Solutions • Robinhood TokenPENG

$47.7700

24h: -8.32%
Market cap: $69,417
Volume 24h: $35,398
Volatility (ann.): 122%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$69.3500

24h: -5.53%
Market cap: $81.65M
Volume 24h: $1.12M
Volatility (ann.): 97%

PENG 0.1%Share of the two combined market caps99.9% CRCLON

Performance

PENGCRCLON

7 days-18.41%-5.63%CRCLON
30 days-20.12%-15.88%CRCLON

Correlation

0.22over 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	PENG	CRCLON
Max drawdown (400d)	-39.2%	-30.7%
Risk-adjusted return (90d)	-0.09	0.06

Relative strength over 90 days: CRCLON outperformed PENG by 27.9% — measured on the PENG/CRCLON ratio, so it holds regardless of market direction.

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