GE Vernova (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 169.6× the size of GE Vernova (Ondo Tokenized) (GEVON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 35 shared trading days). Both have run at a similar volatility, around 53% annualised.

Correlation: -0.04
Size ratio: 1 : 169.6

GE Vernova (Ondo Tokenized)GEVON

$902.8100

24h: +4.08%
Market cap: $867,882
Volume 24h: $189,830
Volatility (ann.): 55%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.47%
Market cap: $147.21M
Volume 24h: $594,635
Volatility (ann.): 51%

GEVON 0.6%Share of the two combined market caps99.4% STRCX

Performance

GEVONSTRCX

7 days-1.11%+5.41%STRCX
30 days+2.77%+3.05%STRCX
90 days-19.45%——

Correlation

-0.04over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	GEVON	STRCX
Max drawdown (400d)	-25.2%	-7.5%
Risk-adjusted return (90d)	-0.38	0.16

Relative strength over 90 days: STRCX outperformed GEVON by 18.6% — measured on the GEVON/STRCX ratio, so it holds regardless of market direction.

GE Vernova (Ondo Tokenized) →Strategy PP Variable xStock →