AMD xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 28.4× the size of AMD xStock (AMDX) by market capitalisation. Over the past 30 days, STRCX is ahead by 3.6 percentage points (AMDX -0.5% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.24 across 28 shared trading days). AMDX has been the more volatile of the two, at 92% annualised against STRCX's 51%.

Correlation: -0.24
Size ratio: 1 : 28.4
Ahead over 30 days: STRCX

AMD xStockAMDX

$506.5700

24h: +6.15%
Market cap: $5.19M
Volume 24h: $738,926
Volatility (ann.): 92%

Strategy PP Variable xStockSTRCX

$109.3300

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

AMDX 3.4%Share of the two combined market caps96.6% STRCX

Performance

AMDXSTRCX

7 days-22.34%+5.41%STRCX
30 days-0.51%+3.05%STRCX

Correlation

-0.24over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: 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	AMDX	STRCX
Max drawdown (400d)	-25.6%	-7.5%
Risk-adjusted return (90d)	0.01	0.16

Relative strength over 90 days: STRCX outperformed AMDX by 1.7% — measured on the AMDX/STRCX ratio, so it holds regardless of market direction.

AMD xStock →Strategy PP Variable xStock →