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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 51.9× the size of Robinhood Markets (Ondo Tokenized Stock) (HOODON) by market capitalisation. Their daily returns move closely together (correlation 0.64 across 111 shared trading days). Both have run at a similar volatility, around 79% annualised.

Correlation: 0.64
Size ratio: 1 : 51.9

Robinhood Markets (Ondo Tokenized Stock)HOODON

$84.1500

24h: -0.14%
Market cap: $3.14M
Volume 24h: $1.12M
Volatility (ann.): 76%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.7100

24h: +4.68%
Market cap: $162.80M
Volume 24h: $23.30M
Volatility (ann.): 82%

HOODON 1.9%Share of the two combined market caps98.1% CRCLB

Performance

HOODONCRCLB

7 days-6.46%-7.34%HOODON
30 days+10.49%-10.38%HOODON
90 days+7.51%+21.21%CRCLB
1 year-17.14%——

Correlation

0.64over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 0.701y: 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	HOODON	CRCLB
Max drawdown (400d)	-57.6%	-31.5%
Risk-adjusted return (90d)	0.10	0.25

Relative strength over 90 days: CRCLB outperformed HOODON by 20.0% — measured on the HOODON/CRCLB ratio, so it holds regardless of market direction.

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