CoreWeave • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 336.8× the size of CoreWeave • Robinhood Token (CRWV) by market capitalisation. Over the past 30 days, STRCX is ahead by 50.1 percentage points (CRWV -47.0% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 27 shared trading days). CRWV has been the more volatile of the two, at 112% annualised against STRCX's 51%.

Correlation: -0.03
Size ratio: 1 : 336.8
Ahead over 30 days: STRCX

CoreWeave • Robinhood TokenCRWV

$51.0300

24h: +1.59%
Market cap: $437,184
Volume 24h: $130,861
Volatility (ann.): 112%

Strategy PP Variable xStockSTRCX

$109.3800

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

CRWV 0.3%Share of the two combined market caps99.7% STRCX

Performance

CRWVSTRCX

7 days-38.96%+5.41%STRCX
30 days-47.03%+3.05%STRCX

Correlation

-0.03over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	CRWV	STRCX
Max drawdown (400d)	-47.0%	-7.5%
Risk-adjusted return (90d)	-0.31	0.16

Relative strength over 90 days: STRCX outperformed CRWV by 39.1% — measured on the CRWV/STRCX ratio, so it holds regardless of market direction.

CoreWeave • Robinhood Token →Strategy PP Variable xStock →