Apple (Coinbase Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 61.2× the size of Apple (Coinbase Tokenized Stock) (AAPLC) by market capitalisation. Over the past 30 days, AAPLC is ahead by 1.7 percentage points (AAPLC +4.7% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.27 across 31 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against AAPLC's 24%.

Correlation: -0.27
Size ratio: 1 : 61.2
Ahead over 30 days: AAPLC

Apple (Coinbase Tokenized Stock)AAPLC

$327.7500

24h: -0.29%
Market cap: $2.41M
Volume 24h: $5.13M
Volatility (ann.): 24%

Strategy PP Variable xStockSTRCX

$109.4400

24h: +0.45%
Market cap: $147.36M
Volume 24h: $592,243
Volatility (ann.): 51%

AAPLC 1.6%Share of the two combined market caps98.4% STRCX

Performance

AAPLCSTRCX

7 days-4.64%+5.41%STRCX
30 days+4.72%+3.05%AAPLC

Correlation

-0.27over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2790d: 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	AAPLC	STRCX
Max drawdown (400d)	-5.4%	-7.5%
Risk-adjusted return (90d)	0.13	0.16

Relative strength over 90 days: AAPLC outperformed STRCX by 0.0% — measured on the AAPLC/STRCX ratio, so it holds regardless of market direction.

Apple (Coinbase Tokenized Stock) →Strategy PP Variable xStock →