Intel xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 7.2× the size of Intel xStock (INTCX) by market capitalisation. Over the past 30 days, STRCX is ahead by 38.1 percentage points (INTCX -35.0% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.04 across 30 shared trading days). INTCX has been the more volatile of the two, at 131% annualised against STRCX's 51%.

Correlation: -0.04
Size ratio: 1 : 7.2
Ahead over 30 days: STRCX

Intel xStockINTCX

$58.8700

24h: -4.32%
Market cap: $20.43M
Volume 24h: $647,569
Volatility (ann.): 131%

Strategy PP Variable xStockSTRCX

$109.5500

24h: +3.31%
Market cap: $147.51M
Volume 24h: $577,934
Volatility (ann.): 51%

INTCX 12.2%Share of the two combined market caps87.8% STRCX

Performance

INTCXSTRCX

7 days-47.24%+5.41%STRCX
30 days-35.02%+3.05%STRCX

Correlation

-0.04over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	INTCX	STRCX
Max drawdown (400d)	-50.4%	-7.5%
Risk-adjusted return (90d)	-0.23	0.16

Relative strength over 90 days: STRCX outperformed INTCX by 33.1% — measured on the INTCX/STRCX ratio, so it holds regardless of market direction.

Intel xStock →Strategy PP Variable xStock →