Broadcom (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 33.4× the size of Broadcom (Ondo Tokenized Stock) (AVGOON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.14 across 35 shared trading days). Both have run at a similar volatility, around 49% annualised.

Correlation: -0.14
Size ratio: 1 : 33.4

Broadcom (Ondo Tokenized Stock)AVGOON

$326.8200

24h: -0.23%
Market cap: $4.25M
Volume 24h: $1.65M
Volatility (ann.): 48%

Strategy PP Variable xStockSTRCX

$109.7000

24h: +0.09%
Market cap: $142.14M
Volume 24h: $501,577
Volatility (ann.): 51%

AVGOON 2.9%Share of the two combined market caps97.1% STRCX

Performance

AVGOONSTRCX

7 days-4.59%+0.05%STRCX
30 days-5.25%+3.64%STRCX
90 days-5.40%——
1 year+3.29%——

Correlation

-0.14over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	AVGOON	STRCX
Max drawdown (400d)	-31.0%	-7.5%
Risk-adjusted return (90d)	-0.14	0.16

Relative strength over 90 days: STRCX outperformed AVGOON by 16.2% — measured on the AVGOON/STRCX ratio, so it holds regardless of market direction.

Broadcom (Ondo Tokenized Stock) →Strategy PP Variable xStock →