Alphabet Class A • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 19.4× the size of Alphabet Class A • Robinhood Token (GOOGL) by market capitalisation. Over the past 30 days, STRCX is ahead by 21.0 percentage points (GOOGL -17.9% against STRCX +3.0%). Their daily returns move barely together (correlation 0.19 across 30 shared trading days). Both have run at a similar volatility, around 51% annualised.

Correlation: 0.19
Size ratio: 1 : 19.4
Ahead over 30 days: STRCX

Alphabet Class A • Robinhood TokenGOOGL

$276.2300

24h: -1.57%
Market cap: $7.59M
Volume 24h: $4.57M
Volatility (ann.): 51%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.47%
Market cap: $147.21M
Volume 24h: $594,635
Volatility (ann.): 51%

GOOGL 4.9%Share of the two combined market caps95.1% STRCX

Performance

GOOGLSTRCX

7 days-18.19%+5.41%STRCX
30 days-17.94%+3.05%STRCX

Correlation

0.19over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	GOOGL	STRCX
Max drawdown (400d)	-21.4%	-7.5%
Risk-adjusted return (90d)	-0.38	0.16

Relative strength over 90 days: STRCX outperformed GOOGL by 23.5% — measured on the GOOGL/STRCX ratio, so it holds regardless of market direction.

Alphabet Class A • Robinhood Token →Strategy PP Variable xStock →