Arm Holdings plc (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 61.5× the size of Arm Holdings plc (Ondo Tokenized Stock) (ARMON) by market capitalisation. Over the past 30 days, STRCX is ahead by 22.2 percentage points (ARMON -19.1% against STRCX +3.0%). Their daily returns move loosely in opposite directions (correlation -0.35 across 27 shared trading days). ARMON has been the more volatile of the two, at 125% annualised against STRCX's 51%.

Correlation: -0.35
Size ratio: 1 : 61.5
Ahead over 30 days: STRCX

Arm Holdings plc (Ondo Tokenized Stock)ARMON

$199.2500

24h: -0.47%
Market cap: $2.40M
Volume 24h: $849,289
Volatility (ann.): 125%

Strategy PP Variable xStockSTRCX

$109.6900

24h: +0.37%
Market cap: $147.71M
Volume 24h: $591,033
Volatility (ann.): 51%

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

Performance

ARMONSTRCX

7 days-35.35%+5.41%STRCX
30 days-19.14%+3.05%STRCX

Correlation

-0.35over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3590d: 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	ARMON	STRCX
Max drawdown (400d)	-39.0%	-7.5%
Risk-adjusted return (90d)	-0.12	0.16

Relative strength over 90 days: STRCX outperformed ARMON by 17.8% — measured on the ARMON/STRCX ratio, so it holds regardless of market direction.

Arm Holdings plc (Ondo Tokenized Stock) →Strategy PP Variable xStock →