Lululemon • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 494.4× the size of Lululemon • Robinhood Token (LULU) by market capitalisation. Over the past 30 days, LULU is ahead by 4.0 percentage points (LULU +7.1% against STRCX +3.0%). Their daily returns move barely together (correlation 0.07 across 26 shared trading days). LULU has been the more volatile of the two, at 101% annualised against STRCX's 51%.

Correlation: 0.07
Size ratio: 1 : 494.4
Ahead over 30 days: LULU

Lululemon • Robinhood TokenLULU

$106.0700

24h: -1.30%
Market cap: $297,787
Volume 24h: $12,962
Volatility (ann.): 101%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.18%
Market cap: $147.22M
Volume 24h: $596,482
Volatility (ann.): 51%

LULU 0.2%Share of the two combined market caps99.8% STRCX

Performance

LULUSTRCX

7 days+9.89%+5.41%LULU
30 days+7.07%+3.05%LULU

Correlation

0.07over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	LULU	STRCX
Max drawdown (400d)	-38.6%	-7.5%
Risk-adjusted return (90d)	-0.32	0.16

Relative strength over 90 days: STRCX outperformed LULU by 36.6% — measured on the LULU/STRCX ratio, so it holds regardless of market direction.

Lululemon • Robinhood Token →Strategy PP Variable xStock →