USA Rare Earth • Robinhood Token vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 284.2× the size of USA Rare Earth • Robinhood Token (USAR) by market capitalisation. Over the past 30 days, CRCLON is ahead by 37.6 percentage points (USAR -53.5% against CRCLON -15.9%). Their daily returns move barely together (correlation 0.20 across 27 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: 0.20
Size ratio: 1 : 284.2
Ahead over 30 days: CRCLON

USA Rare Earth • Robinhood TokenUSAR

$8.6000

24h: -3.26%
Market cap: $316,136
Volume 24h: $48,288
Volatility (ann.): 109%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$76.3200

24h: +2.52%
Market cap: $89.84M
Volume 24h: $1.65M
Volatility (ann.): 97%

USAR 0.4%Share of the two combined market caps99.6% CRCLON

Performance

USARCRCLON

7 days-41.42%-5.63%CRCLON
30 days-53.46%-15.88%CRCLON

Correlation

0.20over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	USAR	CRCLON
Max drawdown (400d)	-53.7%	-30.7%
Risk-adjusted return (90d)	-0.48	0.06

Relative strength over 90 days: CRCLON outperformed USAR by 44.0% — measured on the USAR/CRCLON ratio, so it holds regardless of market direction.

USA Rare Earth • Robinhood Token →Circle Internet Group (Ondo Tokenized Stock) →