Intuitive Surgical (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 291.2× the size of Intuitive Surgical (Ondo Tokenized Stock) (ISRGON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.26 across 35 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against ISRGON's 33%.

Correlation: -0.26
Size ratio: 1 : 291.2

Intuitive Surgical (Ondo Tokenized Stock)ISRGON

$479.4700

24h: +9.49%
Market cap: $488,703
Volume 24h: $161,850
Volatility (ann.): 33%

Strategy PP Variable xStockSTRCX

$109.7900

24h: +0.10%
Market cap: $142.30M
Volume 24h: $497,156
Volatility (ann.): 51%

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

Performance

ISRGONSTRCX

7 days+0.86%+0.05%ISRGON
30 days+7.93%+3.64%ISRGON
90 days+0.92%——

Correlation

-0.26over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3590d: 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	ISRGON	STRCX
Max drawdown (400d)	-33.6%	-7.5%
Risk-adjusted return (90d)	0.02	0.16

Relative strength over 90 days: STRCX outperformed ISRGON by 3.0% — measured on the ISRGON/STRCX ratio, so it holds regardless of market direction.

Intuitive Surgical (Ondo Tokenized Stock) →Strategy PP Variable xStock →