BlackBerry Limited • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 681.8× the size of BlackBerry Limited • Robinhood Token (BB) by market capitalisation. Over the past 30 days, BB is ahead by 8.6 percentage points (BB +11.5% against STRCX +2.8%). Their daily returns move barely together (correlation 0.11 across 29 shared trading days). BB has been the more volatile of the two, at 62% annualised against STRCX's 50%.

Correlation: 0.11
Size ratio: 1 : 681.8
Ahead over 30 days: BB

BlackBerry Limited • Robinhood TokenBB

$8.3800

24h: -3.59%
Market cap: $198,016
Volume 24h: $79,836
Volatility (ann.): 62%

Strategy PP Variable xStockSTRCX

$109.1200

24h: -0.50%
Market cap: $135.00M
Volume 24h: $2.51M
Volatility (ann.): 50%

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

Performance

BBSTRCX

7 days-7.39%-0.16%STRCX
30 days+11.47%+2.84%BB

Correlation

0.11over 29 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	BB	STRCX
Max drawdown (400d)	-13.8%	-7.5%
Risk-adjusted return (90d)	0.12	0.15

Relative strength over 90 days: BB outperformed STRCX by 1.3% — measured on the BB/STRCX ratio, so it holds regardless of market direction.

BlackBerry Limited • Robinhood Token →Strategy PP Variable xStock →