Global X Copper Miners ETF (Ondo Tokenized ETF) vs Strategy Stretch Preferred (Ondo Tokenized)

Strategy Stretch Preferred (Ondo Tokenized) (STRCON) is 50.0× the size of Global X Copper Miners ETF (Ondo Tokenized ETF) (COPXON) by market capitalisation. Over the past 90 days, STRCON is ahead by 23.9 percentage points (COPXON -5.0% against STRCON +18.9%). Their daily returns move barely together (correlation 0.29 across 101 shared trading days). COPXON has been the more volatile of the two, at 66% annualised against STRCON's 20%.

Correlation: 0.29
Size ratio: 1 : 50.0
Ahead over 90 days: STRCON

Global X Copper Miners ETF (Ondo Tokenized ETF)COPXON

$72.2400

24h: -2.94%
Market cap: $1.06M
Volume 24h: $670,099
Volatility (ann.): 66%

Strategy Stretch Preferred (Ondo Tokenized)STRCON

$106.6900

24h: +0.01%
Market cap: $53.06M
Volume 24h: $1.14M
Volatility (ann.): 20%

COPXON 2.0%Share of the two combined market caps98.0% STRCON

Performance

COPXONSTRCON

7 days-4.84%+0.80%STRCON
30 days-23.92%+3.71%STRCON
90 days-5.00%+18.91%STRCON

Correlation

0.29over 101 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 0.271y: 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	COPXON	STRCON
Max drawdown (400d)	-29.6%	-4.3%
Risk-adjusted return (90d)	-0.10	1.13

Relative strength over 90 days: STRCON outperformed COPXON by 20.1% — measured on the COPXON/STRCON ratio, so it holds regardless of market direction.

Global X Copper Miners ETF (Ondo Tokenized ETF) →Strategy Stretch Preferred (Ondo Tokenized) →