Snap Inc. • Robinhood Token vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 387.5× the size of Snap Inc. • Robinhood Token (SNAP) by market capitalisation. Over the past 30 days, SNAP is ahead by 17.4 percentage points (SNAP +0.7% against CRCLON -16.7%). Their daily returns move barely in opposite directions (correlation -0.11 across 28 shared trading days). Both have run at a similar volatility, around 100% annualised.

Correlation: -0.11
Size ratio: 1 : 387.5
Ahead over 30 days: SNAP

Snap Inc. • Robinhood TokenSNAP

$5.4900

24h: +0.85%
Market cap: $230,388
Volume 24h: $66,431
Volatility (ann.): 103%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.5900

24h: +4.73%
Market cap: $89.29M
Volume 24h: $678,972
Volatility (ann.): 98%

SNAP 0.3%Share of the two combined market caps99.7% CRCLON

Performance

SNAPCRCLON

7 days+2.63%-6.27%SNAP
30 days+0.74%-16.67%SNAP

Correlation

-0.11over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: 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	SNAP	CRCLON
Max drawdown (400d)	-20.5%	-30.7%
Risk-adjusted return (90d)	-0.04	0.06

Relative strength over 90 days: SNAP outperformed CRCLON by 27.1% — measured on the SNAP/CRCLON ratio, so it holds regardless of market direction.

Snap Inc. • Robinhood Token →Circle Internet Group (Ondo Tokenized Stock) →