Robinhood (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 19.1× the size of Robinhood (bStocks Tokenized Stock) (HOODB) by market capitalisation. Their daily returns move closely together (correlation 0.75 across 56 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against HOODB's 71%.

Correlation: 0.75
Size ratio: 1 : 19.1

Robinhood (bStocks Tokenized Stock)HOODB

$87.4900

24h: -0.74%
Market cap: $4.73M
Volume 24h: $449,763
Volatility (ann.): 71%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9100

24h: +1.37%
Market cap: $90.55M
Volume 24h: $1.69M
Volatility (ann.): 98%

HOODB 5.0%Share of the two combined market caps95.0% CRCLON

Performance

HOODBCRCLON

7 days-2.46%-6.27%HOODB
30 days-25.49%-16.67%CRCLON
90 days-8.14%——

Correlation

0.75over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7790d: 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	HOODB	CRCLON
Max drawdown (400d)	-33.4%	-30.7%
Risk-adjusted return (90d)	-0.11	0.06

Relative strength over 90 days: CRCLON outperformed HOODB by 11.4% — measured on the HOODB/CRCLON ratio, so it holds regardless of market direction.

Robinhood (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →