Credo Technology Group Holding (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 605.6× the size of Credo Technology Group Holding (Ondo Tokenized) (CRDOON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.20 across 35 shared trading days). CRDOON has been the more volatile of the two, at 103% annualised against STRCX's 51%.

Correlation: -0.20
Size ratio: 1 : 605.6

Credo Technology Group Holding (Ondo Tokenized)CRDOON

$133.3100

24h: -9.14%
Market cap: $233,365
Volume 24h: $482,770
Volatility (ann.): 103%

Strategy PP Variable xStockSTRCX

$109.0500

24h: -0.49%
Market cap: $141.32M
Volume 24h: $604,227
Volatility (ann.): 51%

CRDOON 0.2%Share of the two combined market caps99.8% STRCX

Performance

CRDOONSTRCX

7 days+6.49%+0.05%CRDOON
30 days-13.12%+3.64%STRCX
90 days-22.67%——

Correlation

-0.20over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: 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	CRDOON	STRCX
Max drawdown (400d)	-46.9%	-7.5%
Risk-adjusted return (90d)	-0.22	0.16

Relative strength over 90 days: STRCX outperformed CRDOON by 32.9% — measured on the CRDOON/STRCX ratio, so it holds regardless of market direction.

Credo Technology Group Holding (Ondo Tokenized) →Strategy PP Variable xStock →