Grindr (Backpack Securities) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 967.3× the size of Grindr (Backpack Securities) (GRND) by market capitalisation. Their daily returns move barely together (correlation 0.33 across 20 shared trading days). GRND has been the more volatile of the two, at 69% annualised against STRCX's 51%.

Correlation: 0.33
Size ratio: 1 : 967.3

Grindr (Backpack Securities)GRND

$14.0300

24h: +8.50%
Market cap: $146,097
Volume 24h: $439,942
Volatility (ann.): 69%

Strategy PP Variable xStockSTRCX

$109.0500

24h: -0.49%
Market cap: $141.32M
Volume 24h: $604,227
Volatility (ann.): 51%

GRND 0.1%Share of the two combined market caps99.9% STRCX

Performance

GRNDSTRCX

7 days+7.50%+0.05%GRND
30 days—+3.64%—

Correlation

0.33over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	GRND	STRCX
Max drawdown (400d)	-18.8%	-7.5%
Risk-adjusted return (90d)	0.04	0.16

Relative strength over 90 days: STRCX outperformed GRND by 10.9% — measured on the GRND/STRCX ratio, so it holds regardless of market direction.

Grindr (Backpack Securities) →Strategy PP Variable xStock →