Firefly Aerospace Inc. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 15004.3× the size of Firefly Aerospace Inc. • Robinhood Token (FLY) by market capitalisation. Over the past 30 days, STRCX is ahead by 30.0 percentage points (FLY -27.1% against STRCX +2.8%). Their daily returns move barely together (correlation 0.05 across 20 shared trading days). FLY has been the more volatile of the two, at 75% annualised against STRCX's 50%.

Correlation: 0.05
Size ratio: 1 : 15004.3
Ahead over 30 days: STRCX

Firefly Aerospace Inc. • Robinhood TokenFLY

$15.9900

24h: -4.57%
Market cap: $9,024
Volume 24h: $142
Volatility (ann.): 75%

Strategy PP Variable xStockSTRCX

$109.3400

24h: -0.05%
Market cap: $135.40M
Volume 24h: $2.54M
Volatility (ann.): 50%

FLY 0.0%Share of the two combined market caps100.0% STRCX

Performance

FLYSTRCX

7 days-13.26%-0.16%STRCX
30 days-27.11%+2.84%STRCX

Correlation

0.05over 20 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	FLY	STRCX
Max drawdown (400d)	-29.7%	-7.5%
Risk-adjusted return (90d)	-0.36	0.15

Relative strength over 90 days: STRCX outperformed FLY by 11.0% — measured on the FLY/STRCX ratio, so it holds regardless of market direction.

Firefly Aerospace Inc. • Robinhood Token →Strategy PP Variable xStock →