Apple Tokenized Stock (Reality) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 282.1× the size of Apple Tokenized Stock (Reality) (RAAPL) by market capitalisation. Over the past 30 days, RAAPL is ahead by 1.6 percentage points (RAAPL +4.6% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.30 across 29 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against RAAPL's 29%.

Correlation: -0.30
Size ratio: 1 : 282.1
Ahead over 30 days: RAAPL

Apple Tokenized Stock (Reality)RAAPL

$327.5100

24h: -0.26%
Market cap: $522,824
Volume 24h: $2.01M
Volatility (ann.): 29%

Strategy PP Variable xStockSTRCX

$109.5500

24h: +3.31%
Market cap: $147.51M
Volume 24h: $577,934
Volatility (ann.): 51%

RAAPL 0.4%Share of the two combined market caps99.6% STRCX

Performance

RAAPLSTRCX

7 days-4.51%+5.41%STRCX
30 days+4.60%+3.05%RAAPL

Correlation

-0.30over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	RAAPL	STRCX
Max drawdown (400d)	-5.5%	-7.5%
Risk-adjusted return (90d)	0.15	0.16

Relative strength over 90 days: STRCX outperformed RAAPL by 0.6% — measured on the RAAPL/STRCX ratio, so it holds regardless of market direction.

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