Apple • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 35.9× the size of Apple • Robinhood Token (AAPL) by market capitalisation. Over the past 30 days, STRCX is ahead by 0.3 percentage points (AAPL +2.8% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.13 across 31 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against AAPL's 23%.

Correlation: -0.13
Size ratio: 1 : 35.9
Ahead over 30 days: STRCX

Apple • Robinhood TokenAAPL

$328.0500

24h: -0.19%
Market cap: $4.10M
Volume 24h: $12.30M
Volatility (ann.): 23%

Strategy PP Variable xStockSTRCX

$109.4400

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

AAPL 2.7%Share of the two combined market caps97.3% STRCX

Performance

AAPLSTRCX

7 days-4.57%+5.41%STRCX
30 days+2.77%+3.05%STRCX

Correlation

-0.13over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	AAPL	STRCX
Max drawdown (400d)	-4.8%	-7.5%
Risk-adjusted return (90d)	0.14	0.16

Relative strength over 90 days: STRCX outperformed AAPL by 1.8% — measured on the AAPL/STRCX ratio, so it holds regardless of market direction.

Apple • Robinhood Token →Strategy PP Variable xStock →