Hims & Hers Health (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 4.8× the size of Hims & Hers Health (Ondo Tokenized Stock) (HIMSON) by market capitalisation. Over the past 30 days, STRCX is ahead by 8.7 percentage points (HIMSON -5.7% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.10 across 43 shared trading days). Both have run at a similar volatility, around 54% annualised.

Correlation: -0.10
Size ratio: 1 : 4.8
Ahead over 30 days: STRCX

Hims & Hers Health (Ondo Tokenized Stock)HIMSON

$27.6400

24h: +7.75%
Market cap: $29.39M
Volume 24h: $1.98M
Volatility (ann.): 57%

Strategy PP Variable xStockSTRCX

$109.6000

24h: +2.52%
Market cap: $142.02M
Volume 24h: $554,637
Volatility (ann.): 51%

HIMSON 17.1%Share of the two combined market caps82.9% STRCX

Performance

HIMSONSTRCX

7 days-7.00%+5.41%STRCX
30 days-5.68%+3.05%STRCX

Correlation

-0.10over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1890d: 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	HIMSON	STRCX
Max drawdown (400d)	-20.2%	-7.5%
Risk-adjusted return (90d)	-0.29	0.16

Relative strength over 90 days: STRCX outperformed HIMSON by 22.7% — measured on the HIMSON/STRCX ratio, so it holds regardless of market direction.

Hims & Hers Health (Ondo Tokenized Stock) →Strategy PP Variable xStock →