Johnson & Johnson • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 705.9× the size of Johnson & Johnson • Robinhood Token (JNJ) by market capitalisation. Over the past 30 days, STRCX is ahead by 4.6 percentage points (JNJ -1.0% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.00 across 25 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against JNJ's 20%.

Correlation: -0.00
Size ratio: 1 : 705.9
Ahead over 30 days: STRCX

Johnson & Johnson • Robinhood TokenJNJ

$277.8500

24h: +4.45%
Market cap: $201,514
Volume 24h: $25,479
Volatility (ann.): 20%

Strategy PP Variable xStockSTRCX

$109.7500

24h: +0.05%
Market cap: $142.24M
Volume 24h: $498,321
Volatility (ann.): 51%

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

Performance

JNJSTRCX

7 days+1.38%+0.05%JNJ
30 days-0.97%+3.64%STRCX

Correlation

-0.00over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	JNJ	STRCX
Max drawdown (400d)	-4.8%	-7.5%
Risk-adjusted return (90d)	0.00	0.16

Relative strength over 90 days: STRCX outperformed JNJ by 6.0% — measured on the JNJ/STRCX ratio, so it holds regardless of market direction.

Johnson & Johnson • Robinhood Token →Strategy PP Variable xStock →