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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 28.3× the size of Robinhood Markets (Ondo Tokenized Stock) (HOODON) by market capitalisation. Their daily returns move closely together (correlation 0.76 across 35 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against HOODON's 76%.

Correlation: 0.76
Size ratio: 1 : 28.3

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 (Ondo Tokenized Stock)CRCLON

$75.1900

24h: +4.70%
Market cap: $88.78M
Volume 24h: $695,113
Volatility (ann.): 98%

HOODON 3.4%Share of the two combined market caps96.6% CRCLON

Performance

HOODONCRCLON

7 days-6.46%-6.27%CRCLON
30 days+10.49%-16.67%HOODON
90 days+7.51%——
1 year-17.14%——

Correlation

0.76over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8190d: 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	HOODON	CRCLON
Max drawdown (400d)	-57.6%	-30.7%
Risk-adjusted return (90d)	0.10	0.06

Relative strength over 90 days: HOODON outperformed CRCLON by 6.5% — measured on the HOODON/CRCLON ratio, so it holds regardless of market direction.

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