Datadog • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1805.5× the size of Datadog • Robinhood Token (DDOG) by market capitalisation. Over the past 30 days, STRCX is ahead by 19.0 percentage points (DDOG -15.4% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.18 across 28 shared trading days). DDOG has been the more volatile of the two, at 96% annualised against STRCX's 51%.

Correlation: -0.18
Size ratio: 1 : 1805.5
Ahead over 30 days: STRCX

Datadog • Robinhood TokenDDOG

$188.2400

24h: -13.53%
Market cap: $78,525
Volume 24h: $71,683
Volatility (ann.): 96%

Strategy PP Variable xStockSTRCX

$109.3900

24h: +0.06%
Market cap: $141.78M
Volume 24h: $406,697
Volatility (ann.): 51%

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

Performance

DDOGSTRCX

7 days-32.56%+0.05%STRCX
30 days-15.37%+3.64%STRCX

Correlation

-0.18over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1890d: 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	DDOG	STRCX
Max drawdown (400d)	-32.6%	-7.5%
Risk-adjusted return (90d)	-0.20	0.16

Relative strength over 90 days: STRCX outperformed DDOG by 24.3% — measured on the DDOG/STRCX ratio, so it holds regardless of market direction.

Datadog • Robinhood Token →Strategy PP Variable xStock →