Figma, Inc. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 956.4× the size of Figma, Inc. • Robinhood Token (FIG) by market capitalisation. Over the past 30 days, STRCX is ahead by 10.0 percentage points (FIG -6.4% against STRCX +3.6%). Their daily returns move barely together (correlation 0.29 across 27 shared trading days). FIG has been the more volatile of the two, at 65% annualised against STRCX's 51%.

Correlation: 0.29
Size ratio: 1 : 956.4
Ahead over 30 days: STRCX

Figma, Inc. • Robinhood TokenFIG

$21.2200

24h: +1.82%
Market cap: $148,789
Volume 24h: $79,238
Volatility (ann.): 65%

Strategy PP Variable xStockSTRCX

$109.7900

24h: +0.10%
Market cap: $142.30M
Volume 24h: $497,156
Volatility (ann.): 51%

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

Performance

FIGSTRCX

7 days+1.38%+0.05%FIG
30 days-6.39%+3.64%STRCX

Correlation

0.29over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	FIG	STRCX
Max drawdown (400d)	-27.4%	-7.5%
Risk-adjusted return (90d)	-0.35	0.16

Relative strength over 90 days: STRCX outperformed FIG by 27.6% — measured on the FIG/STRCX ratio, so it holds regardless of market direction.

Figma, Inc. • Robinhood Token →Strategy PP Variable xStock →