Aehr Test Systems (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 540.7× the size of Aehr Test Systems (Ondo Tokenized) (AEHRON) by market capitalisation. Over the past 30 days, AEHRON is ahead by 18.1 percentage points (AEHRON +21.8% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.24 across 35 shared trading days). AEHRON has been the more volatile of the two, at 105% annualised against STRCX's 51%.

Correlation: -0.24
Size ratio: 1 : 540.7
Ahead over 30 days: AEHRON

Aehr Test Systems (Ondo Tokenized)AEHRON

$59.3600

24h: -5.67%
Market cap: $263,111
Volume 24h: $150,492
Volatility (ann.): 105%

Strategy PP Variable xStockSTRCX

$109.7300

24h: +0.14%
Market cap: $142.25M
Volume 24h: $501,003
Volatility (ann.): 51%

AEHRON 0.2%Share of the two combined market caps99.8% STRCX

Performance

AEHRONSTRCX

7 days+1.60%+0.05%AEHRON
30 days+21.76%+3.64%AEHRON

Correlation

-0.24over 35 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	AEHRON	STRCX
Max drawdown (400d)	-47.2%	-7.5%
Risk-adjusted return (90d)	-0.02	0.16

Relative strength over 90 days: STRCX outperformed AEHRON by 35.8% — measured on the AEHRON/STRCX ratio, so it holds regardless of market direction.

Aehr Test Systems (Ondo Tokenized) →Strategy PP Variable xStock →