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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 1211.6× the size of Shopify • Robinhood Token (SHOP) by market capitalisation. Over the past 30 days, SHOP is ahead by 20.8 percentage points (SHOP +4.9% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.21 across 26 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against SHOP's 74%.

Correlation: 0.21
Size ratio: 1 : 1211.6
Ahead over 30 days: SHOP

Shopify • Robinhood TokenSHOP

$151.7500

24h: +10.97%
Market cap: $71,979
Volume 24h: $7,353
Volatility (ann.): 74%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$74.0700

24h: +1.25%
Market cap: $87.21M
Volume 24h: $1.22M
Volatility (ann.): 97%

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

Performance

SHOPCRCLON

7 days+6.50%-5.63%SHOP
30 days+4.91%-15.88%SHOP

Correlation

0.21over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	SHOP	CRCLON
Max drawdown (400d)	-16.1%	-30.7%
Risk-adjusted return (90d)	0.08	0.06

Relative strength over 90 days: SHOP outperformed CRCLON by 31.4% — measured on the SHOP/CRCLON ratio, so it holds regardless of market direction.

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