Core Scientific (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1189.0× the size of Core Scientific (Ondo Tokenized) (CORZON) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 35 shared trading days). CORZON has been the more volatile of the two, at 86% annualised against STRCX's 51%.

Correlation: 0.10
Size ratio: 1 : 1189.0

Core Scientific (Ondo Tokenized)CORZON

$12.7300

24h: -6.90%
Market cap: $118,441
Volume 24h: $174,360
Volatility (ann.): 86%

Strategy PP Variable xStockSTRCX

$109.1400

24h: -0.40%
Market cap: $140.83M
Volume 24h: $2.05M
Volatility (ann.): 51%

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

Performance

CORZONSTRCX

7 days-8.28%+0.05%STRCX
30 days+1.27%+3.64%STRCX
90 days-28.87%——

Correlation

0.10over 35 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	CORZON	STRCX
Max drawdown (400d)	-32.1%	-7.5%
Risk-adjusted return (90d)	-0.33	0.16

Relative strength over 90 days: STRCX outperformed CORZON by 21.9% — measured on the CORZON/STRCX ratio, so it holds regardless of market direction.

Core Scientific (Ondo Tokenized) →Strategy PP Variable xStock →