Market snapshot, not real-time
S&P 500 (SPY) $748.62 +0.88% Nasdaq-100 (QQQ) $708.90 +1.85% Dow (DIA) $522.55 +0.89% Russell 2000 (IWM) $295.82 +1.20% 10-Year Treasury (IEF) $93.32 −0.23% Crude Oil (USO) $128.37 +2.28% Gold (GLD) $373.85 +1.70% US Dollar Index (UUP) $28.45 +0.23% Volatility (VXX) $21.29 −3.77% Semiconductors (SMH) $583.24 +4.37% Silver (SLV) $53.36 +4.67% Emerging Markets (EEM) $65.45 +2.97% Bitcoin (BTC) $66,470.13 +1.90% Ethereum (ETH) $1,922.88 +1.00% S&P 500 (SPY) $748.62 +0.88% Nasdaq-100 (QQQ) $708.90 +1.85% Dow (DIA) $522.55 +0.89% Russell 2000 (IWM) $295.82 +1.20% 10-Year Treasury (IEF) $93.32 −0.23% Crude Oil (USO) $128.37 +2.28% Gold (GLD) $373.85 +1.70% US Dollar Index (UUP) $28.45 +0.23% Volatility (VXX) $21.29 −3.77% Semiconductors (SMH) $583.24 +4.37% Silver (SLV) $53.36 +4.67% Emerging Markets (EEM) $65.45 +2.97% Bitcoin (BTC) $66,470.13 +1.90% Ethereum (ETH) $1,922.88 +1.00%
AEACapital Research

Independent student research — not an investment firm or financial advice

Competitive Comparison

Coinbase vs. Robinhood

Two watchlist names monetizing retail trading activity from different angles — the crypto-native exchange against the multi-asset brokerage expanding into crypto.

MetricCoinbase Global (COIN)Robinhood Markets (HOOD)
PEG ratio3.262.01–3.12 (varies)
Adj. EBITDA$566M (Q4 FY25); $303M (Q1 FY26)n/a (EV/EBITDA 47.01x)
EV/EBITDA18.25–40.88x (varies)47.01x

PEG ratio, compared

COIN
3.26
HOOD
2.01

Same PEG ratio figures as the table above, plotted for a direct read. Bold = held in this book.

Market cap, P/E, PEG, EV/EBITDA, and capex sourced via public filings and financial-data aggregators (GuruFocus, StockAnalysis, company earnings releases), as of July 2026. PEG ratio sourced primarily from GuruFocus where available; different providers use different growth-rate assumptions, so figures elsewhere for the same stock can vary by several multiples. Gold-highlighted column(s) indicate the name(s) actually held in this book.

Why neither is in the book

Both are real, profitable businesses now rather than the speculative crypto-adjacent stories they were a few years ago, and both carry rich multiples reflecting that re-rating — Robinhood's EV/EBITDA of 47.01x is actually the richer of the two. Coinbase is the more crypto-native business; Robinhood has diversified into a broader multi-asset brokerage with crypto as one revenue stream among several. Neither is a position mainly because crypto-adjacent trading-volume businesses are a genuinely different risk category than anything else in the book — direct exposure to trading volume and crypto-market sentiment, rather than a company-specific operating thesis I can underwrite the way I do the rest of the portfolio.