Intel (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1.7× the size of Intel (bStocks Tokenized Stock) (INTCB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.19 across 57 shared trading days). INTCB has been the more volatile of the two, at 88% annualised against STRCX's 51%.

Correlation: -0.19
Size ratio: 1 : 1.7

Intel (bStocks Tokenized Stock)INTCB

$58.6400

24h: -3.77%
Market cap: $86.02M
Volume 24h: $18.48M
Volatility (ann.): 88%

Strategy PP Variable xStockSTRCX

$109.8100

24h: +2.94%
Market cap: $142.28M
Volume 24h: $551,851
Volatility (ann.): 51%

INTCB 37.7%Share of the two combined market caps62.3% STRCX

Performance

INTCBSTRCX

7 days-35.29%+5.41%STRCX
30 days-48.42%+3.05%STRCX
90 days-39.52%——

Correlation

-0.19over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: 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	INTCB	STRCX
Max drawdown (400d)	-56.6%	-7.5%
Risk-adjusted return (90d)	-0.49	0.16

Relative strength over 90 days: STRCX outperformed INTCB by 45.7% — measured on the INTCB/STRCX ratio, so it holds regardless of market direction.

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