Krispy Kreme (ST0x Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 3591.4× the size of Krispy Kreme (ST0x Tokenized Stock) (WTDNUT) by market capitalisation. Over the past 30 days, WTDNUT is ahead by 54.3 percentage points (WTDNUT +57.1% against STRCX +2.8%). Their daily returns move barely together (correlation 0.09 across 23 shared trading days). WTDNUT has been the more volatile of the two, at 114% annualised against STRCX's 50%.

Correlation: 0.09
Size ratio: 1 : 3591.4
Ahead over 30 days: WTDNUT

Krispy Kreme (ST0x Tokenized Stock)WTDNUT

$4.5600

24h: +32.21%
Market cap: $37,083
Volume 24h: $5,666
Volatility (ann.): 114%

Strategy PP Variable xStockSTRCX

$109.4000

24h: +0.26%
Market cap: $133.18M
Volume 24h: $455,768
Volatility (ann.): 50%

WTDNUT 0.0%Share of the two combined market caps100.0% STRCX

Performance

WTDNUTSTRCX

7 days+50.48%-0.16%WTDNUT
30 days+57.09%+2.84%WTDNUT

Correlation

0.09over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	WTDNUT	STRCX
Max drawdown (400d)	-8.7%	-7.5%
Risk-adjusted return (90d)	0.50	0.15

Relative strength over 90 days: WTDNUT outperformed STRCX by 48.7% — measured on the WTDNUT/STRCX ratio, so it holds regardless of market direction.

Krispy Kreme (ST0x Tokenized Stock) →Strategy PP Variable xStock →