GlobalFoundries (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 16701.3× the size of GlobalFoundries (Ondo Tokenized) (GFSON) by market capitalisation. Over the past 30 days, GFSON is ahead by 3.4 percentage points (GFSON +7.1% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.22 across 35 shared trading days). GFSON has been the more volatile of the two, at 62% annualised against STRCX's 51%.

Correlation: -0.22
Size ratio: 1 : 16701.3
Ahead over 30 days: GFSON

GlobalFoundries (Ondo Tokenized)GFSON

$40.1000

24h: -6.65%
Market cap: $8,068
Volume 24h: $151,704
Volatility (ann.): 62%

Strategy PP Variable xStockSTRCX

$108.9200

24h: -0.63%
Market cap: $134.75M
Volume 24h: $2.48M
Volatility (ann.): 51%

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

Performance

GFSONSTRCX

7 days-1.44%+0.05%STRCX
30 days+7.06%+3.64%GFSON

Correlation

-0.22over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2890d: 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	GFSON	STRCX
Max drawdown (400d)	-26.8%	-7.5%
Risk-adjusted return (90d)	-0.28	0.16

Relative strength over 90 days: STRCX outperformed GFSON by 16.8% — measured on the GFSON/STRCX ratio, so it holds regardless of market direction.

GlobalFoundries (Ondo Tokenized) →Strategy PP Variable xStock →