GameStop • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 55.5× the size of GameStop • Robinhood Token (GME) by market capitalisation. Over the past 30 days, GME is ahead by 25.2 percentage points (GME +28.2% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.12 across 31 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against GME's 43%.

Correlation: -0.12
Size ratio: 1 : 55.5
Ahead over 30 days: GME

GameStop • Robinhood TokenGME

$23.9900

24h: -0.62%
Market cap: $2.65M
Volume 24h: $533,076
Volatility (ann.): 43%

Strategy PP Variable xStockSTRCX

$109.4400

24h: +0.45%
Market cap: $147.36M
Volume 24h: $592,243
Volatility (ann.): 51%

GME 1.8%Share of the two combined market caps98.2% STRCX

Performance

GMESTRCX

7 days+2.66%+5.41%STRCX
30 days+28.21%+3.05%GME

Correlation

-0.12over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	GME	STRCX
Max drawdown (400d)	-6.5%	-7.5%
Risk-adjusted return (90d)	0.70	0.16

Relative strength over 90 days: GME outperformed STRCX by 25.9% — measured on the GME/STRCX ratio, so it holds regardless of market direction.

GameStop • Robinhood Token →Strategy PP Variable xStock →