Circle Internet Group • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 13.9× the size of Circle Internet Group • Robinhood Token (CRCL) by market capitalisation. Over the past 30 days, STRCX is ahead by 24.9 percentage points (CRCL -21.9% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.09 across 33 shared trading days). CRCL has been the more volatile of the two, at 93% annualised against STRCX's 51%.

Correlation: -0.09
Size ratio: 1 : 13.9
Ahead over 30 days: STRCX

Circle Internet Group • Robinhood TokenCRCL

$73.9200

24h: +2.48%
Market cap: $10.61M
Volume 24h: $2.13M
Volatility (ann.): 93%

Strategy PP Variable xStockSTRCX

$109.3800

24h: +0.44%
Market cap: $147.25M
Volume 24h: $595,436
Volatility (ann.): 51%

CRCL 6.7%Share of the two combined market caps93.3% STRCX

Performance

CRCLSTRCX

7 days-6.97%+5.41%STRCX
30 days-21.88%+3.05%STRCX

Correlation

-0.09over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	CRCL	STRCX
Max drawdown (400d)	-30.8%	-7.5%
Risk-adjusted return (90d)	-0.15	0.16

Relative strength over 90 days: STRCX outperformed CRCL by 18.2% — measured on the CRCL/STRCX ratio, so it holds regardless of market direction.

Circle Internet Group • Robinhood Token →Strategy PP Variable xStock →