Alphabet xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 2.3× the size of Alphabet xStock (GOOGLX) by market capitalisation. Over the past 30 days, STRCX is ahead by 20.7 percentage points (GOOGLX -17.6% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.21 across 47 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against GOOGLX's 33%.

Correlation: -0.21
Size ratio: 1 : 2.3
Ahead over 30 days: STRCX

Alphabet xStockGOOGLX

$282.8300

24h: +1.18%
Market cap: $64.22M
Volume 24h: $4.64M
Volatility (ann.): 33%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.18%
Market cap: $147.22M
Volume 24h: $596,482
Volatility (ann.): 51%

GOOGLX 30.4%Share of the two combined market caps69.6% STRCX

Performance

GOOGLXSTRCX

7 days-12.83%+5.41%STRCX
30 days-17.61%+3.05%STRCX

Correlation

-0.21over 47 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	GOOGLX	STRCX
Max drawdown (400d)	-20.1%	-7.5%
Risk-adjusted return (90d)	-0.55	0.16

Relative strength over 90 days: STRCX outperformed GOOGLX by 23.7% — measured on the GOOGLX/STRCX ratio, so it holds regardless of market direction.

Alphabet xStock →Strategy PP Variable xStock →