GoPro (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 285.1× the size of GoPro (bStocks Tokenized Stock) (GPROB) by market capitalisation. Over the past 30 days, STRCX is ahead by 28.6 percentage points (GPROB -25.6% against STRCX +3.0%). Their daily returns move barely together (correlation 0.19 across 27 shared trading days). Both have run at a similar volatility, around 55% annualised.

Correlation: 0.19
Size ratio: 1 : 285.1
Ahead over 30 days: STRCX

GoPro (bStocks Tokenized Stock)GPROB

$0.980000

24h: —
Market cap: $518,126
Volume 24h: $66,252
Volatility (ann.): 58%

Strategy PP Variable xStockSTRCX

$109.6900

24h: +0.37%
Market cap: $147.71M
Volume 24h: $591,033
Volatility (ann.): 51%

GPROB 0.3%Share of the two combined market caps99.7% STRCX

Performance

GPROBSTRCX

7 days-4.81%+5.41%STRCX
30 days-25.56%+3.05%STRCX

Correlation

0.19over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	GPROB	STRCX
Max drawdown (400d)	-28.9%	-7.5%
Risk-adjusted return (90d)	-0.38	0.16

Relative strength over 90 days: STRCX outperformed GPROB by 25.6% — measured on the GPROB/STRCX ratio, so it holds regardless of market direction.

GoPro (bStocks Tokenized Stock) →Strategy PP Variable xStock →