First Majestic Silver (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 38672.2× the size of First Majestic Silver (Ondo Tokenized) (AGON) by market capitalisation. Over the past 30 days, STRCX is ahead by 16.2 percentage points (AGON -12.6% against STRCX +3.6%). Their daily returns move barely together (correlation 0.02 across 35 shared trading days). AGON has been the more volatile of the two, at 69% annualised against STRCX's 51%.

Correlation: 0.02
Size ratio: 1 : 38672.2
Ahead over 30 days: STRCX

First Majestic Silver (Ondo Tokenized)AGON

$15.6400

24h: +9.73%
Market cap: $3,666
Volume 24h: $156,371
Volatility (ann.): 69%

Strategy PP Variable xStockSTRCX

$109.4000

24h: -0.22%
Market cap: $141.76M
Volume 24h: $939,489
Volatility (ann.): 51%

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

Performance

AGONSTRCX

7 days-7.00%+0.05%STRCX
30 days-12.58%+3.64%STRCX

Correlation

0.02over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	AGON	STRCX
Max drawdown (400d)	-16.9%	-7.5%
Risk-adjusted return (90d)	0.14	0.16

Relative strength over 90 days: STRCX outperformed AGON by 13.7% — measured on the AGON/STRCX ratio, so it holds regardless of market direction.

First Majestic Silver (Ondo Tokenized) →Strategy PP Variable xStock →