Lam Research (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 394.1× the size of Lam Research (Ondo Tokenized) (LRCXON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.23 across 35 shared trading days). LRCXON has been the more volatile of the two, at 66% annualised against STRCX's 51%.

Correlation: -0.23
Size ratio: 1 : 394.1

Lam Research (Ondo Tokenized)LRCXON

$216.4100

24h: -3.10%
Market cap: $360,954
Volume 24h: $575,087
Volatility (ann.): 66%

Strategy PP Variable xStockSTRCX

$109.7500

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

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

Performance

LRCXONSTRCX

7 days+2.17%+0.05%LRCXON
30 days+2.26%+3.64%STRCX
90 days-27.93%——

Correlation

-0.23over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	LRCXON	STRCX
Max drawdown (400d)	-38.3%	-7.5%
Risk-adjusted return (90d)	-0.40	0.16

Relative strength over 90 days: STRCX outperformed LRCXON by 14.7% — measured on the LRCXON/STRCX ratio, so it holds regardless of market direction.

Lam Research (Ondo Tokenized) →Strategy PP Variable xStock →