Archer Aviation (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 6605.3× the size of Archer Aviation (Ondo Tokenized Stock) (ACHRON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 35 shared trading days). ACHRON has been the more volatile of the two, at 73% annualised against STRCX's 50%.

Correlation: -0.05
Size ratio: 1 : 6605.3

Archer Aviation (Ondo Tokenized Stock)ACHRON

$3.8400

24h: -7.25%
Market cap: $20,482
Volume 24h: $142,428
Volatility (ann.): 73%

Strategy PP Variable xStockSTRCX

$109.2400

24h: -0.31%
Market cap: $135.29M
Volume 24h: $2.52M
Volatility (ann.): 50%

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

Performance

ACHRONSTRCX

7 days+2.47%-0.16%ACHRON
30 days-2.10%+2.84%STRCX
90 days+18.91%——

Correlation

-0.05over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: 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	ACHRON	STRCX
Max drawdown (400d)	-34.8%	-7.5%
Risk-adjusted return (90d)	0.23	0.15

Relative strength over 90 days: STRCX outperformed ACHRON by 16.7% — measured on the ACHRON/STRCX ratio, so it holds regardless of market direction.

Archer Aviation (Ondo Tokenized Stock) →Strategy PP Variable xStock →