FGI Industries (ST0x Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1608.4× the size of FGI Industries (ST0x Tokenized Stock) (WTFGI) by market capitalisation. Over the past 30 days, STRCX is ahead by 5.7 percentage points (WTFGI -2.1% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.20 across 23 shared trading days). WTFGI has been the more volatile of the two, at 63% annualised against STRCX's 51%.

Correlation: -0.20
Size ratio: 1 : 1608.4
Ahead over 30 days: STRCX

FGI Industries (ST0x Tokenized Stock)WTFGI

$7.6100

24h: -0.38%
Market cap: $87,918
Volume 24h: $4,306
Volatility (ann.): 63%

Strategy PP Variable xStockSTRCX

$109.1000

24h: -0.51%
Market cap: $141.41M
Volume 24h: $461,896
Volatility (ann.): 51%

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

Performance

WTFGISTRCX

7 days+6.87%+0.05%WTFGI
30 days-2.06%+3.64%STRCX

Correlation

-0.20over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	WTFGI	STRCX
Max drawdown (400d)	-16.3%	-7.5%
Risk-adjusted return (90d)	0.00	0.16

Relative strength over 90 days: WTFGI outperformed STRCX by 2.0% — measured on the WTFGI/STRCX ratio, so it holds regardless of market direction.

FGI Industries (ST0x Tokenized Stock) →Strategy PP Variable xStock →