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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 6.8× the size of SpaceX • Robinhood Token (SPCX) by market capitalisation. Over the past 30 days, SPCX is ahead by 8.3 percentage points (SPCX -8.3% against CRCLON -16.7%). Their daily returns move loosely together (correlation 0.39 across 31 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against SPCX's 42%.

Correlation: 0.39
Size ratio: 1 : 6.8
Ahead over 30 days: SPCX

SpaceX • Robinhood TokenSPCX

$136.2000

24h: -0.92%
Market cap: $12.84M
Volume 24h: $23.27M
Volatility (ann.): 42%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

SPCX 12.9%Share of the two combined market caps87.1% CRCLON

Performance

SPCXCRCLON

7 days-7.61%-6.27%CRCLON
30 days-8.32%-16.67%SPCX

Correlation

0.39over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	SPCX	CRCLON
Max drawdown (400d)	-11.3%	-30.7%
Risk-adjusted return (90d)	-0.05	0.06

Relative strength over 90 days: SPCX outperformed CRCLON by 19.1% — measured on the SPCX/CRCLON ratio, so it holds regardless of market direction.

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