International Business Machines Corporation • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 336.9× the size of International Business Machines Corporation • Robinhood Token (IBM) by market capitalisation. Over the past 30 days, IBM is ahead by 4.3 percentage points (IBM +7.4% against STRCX +3.0%). Their daily returns move barely together (correlation 0.11 across 25 shared trading days). Both have run at a similar volatility, around 54% annualised.

Correlation: 0.11
Size ratio: 1 : 336.9
Ahead over 30 days: IBM

International Business Machines Corporation • Robinhood TokenIBM

$247.7500

24h: -1.55%
Market cap: $437,009
Volume 24h: $19,214
Volatility (ann.): 56%

Strategy PP Variable xStockSTRCX

$109.3800

24h: +0.44%
Market cap: $147.25M
Volume 24h: $595,436
Volatility (ann.): 51%

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

Performance

IBMSTRCX

7 days+17.51%+5.41%IBM
30 days+7.39%+3.05%IBM

Correlation

0.11over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	IBM	STRCX
Max drawdown (400d)	-12.5%	-7.5%
Risk-adjusted return (90d)	0.23	0.16

Relative strength over 90 days: IBM outperformed STRCX by 6.3% — measured on the IBM/STRCX ratio, so it holds regardless of market direction.

International Business Machines Corporation • Robinhood Token →Strategy PP Variable xStock →