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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 12.4× the size of Strategy Inc. • Robinhood Token (MSTR) by market capitalisation. Over the past 30 days, MSTR is ahead by 11.9 percentage points (MSTR -4.7% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.28 across 28 shared trading days). MSTR has been the more volatile of the two, at 181% annualised against CRCLON's 98%.

Correlation: 0.28
Size ratio: 1 : 12.4
Ahead over 30 days: MSTR

Strategy Inc. • Robinhood TokenMSTR

$132.4900

24h: +0.28%
Market cap: $7.28M
Volume 24h: $2.69M
Volatility (ann.): 181%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.9500

24h: +3.62%
Market cap: $90.50M
Volume 24h: $1.47M
Volatility (ann.): 98%

MSTR 7.4%Share of the two combined market caps92.6% CRCLON

Performance

MSTRCRCLON

7 days-15.72%-6.27%CRCLON
30 days-4.74%-16.67%MSTR

Correlation

0.28over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	MSTR	CRCLON
Max drawdown (400d)	-49.6%	-30.7%
Risk-adjusted return (90d)	-0.24	0.06

Relative strength over 90 days: CRCLON outperformed MSTR by 34.0% — measured on the MSTR/CRCLON ratio, so it holds regardless of market direction.

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