abrdn Physical Palladium Shares ETF (Ondo Tokenized ETF) vs Strategy Stretch Preferred (Ondo Tokenized)

Strategy Stretch Preferred (Ondo Tokenized) (STRCON) is 159.5× the size of abrdn Physical Palladium Shares ETF (Ondo Tokenized ETF) (PALLON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.00 across 26 shared trading days). PALLON has been the more volatile of the two, at 32% annualised against STRCON's 20%.

Correlation: -0.00
Size ratio: 1 : 159.5

abrdn Physical Palladium Shares ETF (Ondo Tokenized ETF)PALLON

$85.0600

24h: -2.66%
Market cap: $331,993
Volume 24h: $19
Volatility (ann.): 32%

Strategy Stretch Preferred (Ondo Tokenized)STRCON

$106.3900

24h: -0.27%
Market cap: $52.96M
Volume 24h: $1.13M
Volatility (ann.): 20%

PALLON 0.6%Share of the two combined market caps99.4% STRCON

Performance

PALLONSTRCON

7 days-7.28%+0.80%STRCON
30 days-17.81%+3.71%STRCON
90 days—+18.91%—

Correlation

-0.00over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	PALLON	STRCON
Max drawdown (400d)	-17.8%	-4.3%
Risk-adjusted return (90d)	-0.56	1.13

Relative strength over 90 days: STRCON outperformed PALLON by 16.0% — measured on the PALLON/STRCON ratio, so it holds regardless of market direction.

abrdn Physical Palladium Shares ETF (Ondo Tokenized ETF) →Strategy Stretch Preferred (Ondo Tokenized) →