Caterpillar (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 5777.4× the size of Caterpillar (Ondo Tokenized Stock) (CATON) by market capitalisation. Over the past 30 days, CATON is ahead by 0.5 percentage points (CATON +4.2% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.29 across 20 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against CATON's 25%.

Correlation: -0.29
Size ratio: 1 : 5777.4
Ahead over 30 days: CATON

Caterpillar (Ondo Tokenized Stock)CATON

$594.9800

24h: -4.27%
Market cap: $23,369
Volume 24h: $143,220
Volatility (ann.): 25%

Strategy PP Variable xStockSTRCX

$109.1000

24h: -0.73%
Market cap: $135.01M
Volume 24h: $2.48M
Volatility (ann.): 51%

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

Performance

CATONSTRCX

7 days+1.11%+0.05%CATON
30 days+4.15%+3.64%CATON

Correlation

-0.29over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	CATON	STRCX
Max drawdown (400d)	-4.8%	-7.5%
Risk-adjusted return (90d)	0.16	0.16

Relative strength over 90 days: CATON outperformed STRCX by 0.1% — measured on the CATON/STRCX ratio, so it holds regardless of market direction.

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