AXT (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1346.0× the size of AXT (Ondo Tokenized) (AXTION) by market capitalisation. Over the past 30 days, AXTION is ahead by 23.8 percentage points (AXTION +27.4% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.18 across 35 shared trading days). AXTION has been the more volatile of the two, at 136% annualised against STRCX's 51%.

Correlation: -0.18
Size ratio: 1 : 1346.0
Ahead over 30 days: AXTION

AXT (Ondo Tokenized)AXTION

$46.3100

24h: -6.98%
Market cap: $105,062
Volume 24h: $182,276
Volatility (ann.): 136%

Strategy PP Variable xStockSTRCX

$109.1000

24h: -0.51%
Market cap: $141.41M
Volume 24h: $461,896
Volatility (ann.): 51%

AXTION 0.1%Share of the two combined market caps99.9% STRCX

Performance

AXTIONSTRCX

7 days-6.84%+0.05%STRCX
30 days+27.42%+3.64%AXTION

Correlation

-0.18over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2090d: 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	AXTION	STRCX
Max drawdown (400d)	-41.8%	-7.5%
Risk-adjusted return (90d)	-0.01	0.16

Relative strength over 90 days: STRCX outperformed AXTION by 25.6% — measured on the AXTION/STRCX ratio, so it holds regardless of market direction.

AXT (Ondo Tokenized) →Strategy PP Variable xStock →