Clover Health Investments, Corp. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 13380.3× the size of Clover Health Investments, Corp. • Robinhood Token (CLOV) by market capitalisation. Over the past 30 days, CLOV is ahead by 0.7 percentage points (CLOV +4.4% against STRCX +3.6%). Their daily returns move loosely together (correlation 0.42 across 21 shared trading days). Both have run at a similar volatility, around 52% annualised.

Correlation: 0.42
Size ratio: 1 : 13380.3
Ahead over 30 days: CLOV

Clover Health Investments, Corp. • Robinhood TokenCLOV

$4.7300

24h: +8.11%
Market cap: $10,115
Volume 24h: $1,034
Volatility (ann.): 53%

Strategy PP Variable xStockSTRCX

$109.1100

24h: -0.45%
Market cap: $135.34M
Volume 24h: $2.06M
Volatility (ann.): 51%

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

Performance

CLOVSTRCX

7 days-1.09%+0.05%STRCX
30 days+4.38%+3.64%CLOV

Correlation

0.42over 21 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	CLOV	STRCX
Max drawdown (400d)	-13.2%	-7.5%
Risk-adjusted return (90d)	0.07	0.16

Relative strength over 90 days: STRCX outperformed CLOV by 7.7% — measured on the CLOV/STRCX ratio, so it holds regardless of market direction.

Clover Health Investments, Corp. • Robinhood Token →Strategy PP Variable xStock →