American Airlines Group Tokenized Stock (Reality) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 32033.2× the size of American Airlines Group Tokenized Stock (Reality) (RAAL) by market capitalisation. Over the past 30 days, STRCX is ahead by 5.1 percentage points (RAAL -1.5% against STRCX +3.6%). Their daily returns move loosely together (correlation 0.44 across 20 shared trading days). Both have run at a similar volatility, around 48% annualised.

Correlation: 0.44
Size ratio: 1 : 32033.2
Ahead over 30 days: STRCX

American Airlines Group Tokenized Stock (Reality)RAAL

$12.7600

24h: -1.75%
Market cap: $4,439
Volume 24h: $110,059
Volatility (ann.): 45%

Strategy PP Variable xStockSTRCX

$109.7300

24h: +0.18%
Market cap: $142.18M
Volume 24h: $501,905
Volatility (ann.): 51%

RAAL 0.0%Share of the two combined market caps100.0% STRCX

Performance

RAALSTRCX

7 days+1.83%+0.05%RAAL
30 days-1.46%+3.64%STRCX

Correlation

0.44over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	RAAL	STRCX
Max drawdown (400d)	-10.3%	-7.5%
Risk-adjusted return (90d)	-0.03	0.16

Relative strength over 90 days: RAAL outperformed STRCX by 2.1% — measured on the RAAL/STRCX ratio, so it holds regardless of market direction.

American Airlines Group Tokenized Stock (Reality) →Strategy PP Variable xStock →