Red Cat Holdings, Inc. • Robinhood Token vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1315.9× the size of Red Cat Holdings, Inc. • Robinhood Token (RCAT) by market capitalisation. Over the past 30 days, CRCLON is ahead by 31.2 percentage points (RCAT -47.1% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.26 across 26 shared trading days). RCAT has been the more volatile of the two, at 123% annualised against CRCLON's 97%.

Correlation: 0.26
Size ratio: 1 : 1315.9
Ahead over 30 days: CRCLON

Red Cat Holdings, Inc. • Robinhood TokenRCAT

$4.0200

24h: -10.67%
Market cap: $62,053
Volume 24h: $10,043
Volatility (ann.): 123%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$69.3500

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

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

Performance

RCATCRCLON

7 days-30.23%-5.63%CRCLON
30 days-47.06%-15.88%CRCLON

Correlation

0.26over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	RCAT	CRCLON
Max drawdown (400d)	-56.3%	-30.7%
Risk-adjusted return (90d)	-0.38	0.06

Relative strength over 90 days: CRCLON outperformed RCAT by 37.3% — measured on the RCAT/CRCLON ratio, so it holds regardless of market direction.

Red Cat Holdings, Inc. • Robinhood Token →Circle Internet Group (Ondo Tokenized Stock) →