Eli Lilly and Company (Backpack Securities) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 398.8× the size of Eli Lilly and Company (Backpack Securities) (LLY) by market capitalisation. Over the past 30 days, LLY is ahead by 22.8 percentage points (LLY +26.4% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.06 across 28 shared trading days). Both have run at a similar volatility, around 48% annualised.

Correlation: -0.06
Size ratio: 1 : 398.8
Ahead over 30 days: LLY

Eli Lilly and Company (Backpack Securities)LLY

$1,432.51

24h: +0.64%
Market cap: $356,004
Volume 24h: $392,730
Volatility (ann.): 46%

Strategy PP Variable xStockSTRCX

$109.5300

24h: +0.10%
Market cap: $141.97M
Volume 24h: $405,953
Volatility (ann.): 51%

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

Performance

LLYSTRCX

7 days+9.38%+0.05%LLY
30 days+26.41%+3.64%LLY

Correlation

-0.06over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	LLY	STRCX
Max drawdown (400d)	-4.5%	-7.5%
Risk-adjusted return (90d)	0.49	0.16

Relative strength over 90 days: LLY outperformed STRCX by 15.2% — measured on the LLY/STRCX ratio, so it holds regardless of market direction.

Eli Lilly and Company (Backpack Securities) →Strategy PP Variable xStock →