Intuitive Machines (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1250.4× the size of Intuitive Machines (Ondo Tokenized) (LUNRON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.27 across 35 shared trading days). LUNRON has been the more volatile of the two, at 112% annualised against STRCX's 51%.

Correlation: -0.27
Size ratio: 1 : 1250.4

Intuitive Machines (Ondo Tokenized)LUNRON

$9.9700

24h: -2.52%
Market cap: $113,537
Volume 24h: $154,262
Volatility (ann.): 112%

Strategy PP Variable xStockSTRCX

$109.5300

24h: +0.10%
Market cap: $141.97M
Volume 24h: $405,953
Volatility (ann.): 51%

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

Performance

LUNRONSTRCX

7 days-3.36%+0.05%STRCX
30 days-1.04%+3.64%STRCX
90 days-33.05%——

Correlation

-0.27over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3290d: 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	LUNRON	STRCX
Max drawdown (400d)	-75.1%	-7.5%
Risk-adjusted return (90d)	-0.38	0.16

Relative strength over 90 days: STRCX outperformed LUNRON by 30.3% — measured on the LUNRON/STRCX ratio, so it holds regardless of market direction.

Intuitive Machines (Ondo Tokenized) →Strategy PP Variable xStock →