Bending Spoons xStock vs Strategy PP Variable xStock

Bending Spoons xStock (BSPX) and Strategy PP Variable xStock (STRCX) compared side by side. Over the past 30 days, STRCX is ahead by 21.7 percentage points (BSPX -18.6% against STRCX +3.0%). Their daily returns move loosely together (correlation 0.42 across 33 shared trading days). BSPX has been the more volatile of the two, at 82% annualised against STRCX's 51%.

Correlation: 0.42
Ahead over 30 days: STRCX

Bending Spoons xStockBSPX

$42.9800

24h: -6.73%
Market cap: —
Volume 24h: $28,581
Volatility (ann.): 82%

Strategy PP Variable xStockSTRCX

$109.4400

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

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

Performance

BSPXSTRCX

7 days-16.09%+5.41%STRCX
30 days-18.63%+3.05%STRCX

Correlation

0.42over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	BSPX	STRCX
Max drawdown (400d)	-29.6%	-7.5%
Risk-adjusted return (90d)	-0.20	0.16

Relative strength over 90 days: STRCX outperformed BSPX by 21.5% — measured on the BSPX/STRCX ratio, so it holds regardless of market direction.

Bending Spoons xStock →Strategy PP Variable xStock →