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

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 19.2× the size of Tesla • Robinhood Token (TSLA) by market capitalisation. Over the past 30 days, TSLA is ahead by 30.2 percentage points (TSLA +13.6% against CRCLON -16.7%). Their daily returns move barely together (correlation 0.29 across 31 shared trading days). CRCLON has been the more volatile of the two, at 98% annualised against TSLA's 50%.

Correlation: 0.29
Size ratio: 1 : 19.2
Ahead over 30 days: TSLA

Tesla • Robinhood TokenTSLA

$386.7700

24h: -4.33%
Market cap: $4.51M
Volume 24h: $3.07M
Volatility (ann.): 50%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

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

TSLA 4.9%Share of the two combined market caps95.1% CRCLON

Performance

TSLACRCLON

7 days+9.95%-6.27%TSLA
30 days+13.58%-16.67%TSLA

Correlation

0.29over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	TSLA	CRCLON
Max drawdown (400d)	-6.4%	-30.7%
Risk-adjusted return (90d)	0.32	0.06

Relative strength over 90 days: TSLA outperformed CRCLON by 41.0% — measured on the TSLA/CRCLON ratio, so it holds regardless of market direction.

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