Lumentum • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 969.1× the size of Lumentum • Robinhood Token (LITE) by market capitalisation. Over the past 30 days, STRCX is ahead by 45.7 percentage points (LITE -42.0% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.23 across 23 shared trading days). LITE has been the more volatile of the two, at 106% annualised against STRCX's 51%.

Correlation: -0.23
Size ratio: 1 : 969.1
Ahead over 30 days: STRCX

Lumentum • Robinhood TokenLITE

$615.9400

24h: -6.04%
Market cap: $146,530
Volume 24h: $21,142
Volatility (ann.): 106%

Strategy PP Variable xStockSTRCX

$109.5600

24h: +0.19%
Market cap: $142.00M
Volume 24h: $404,179
Volatility (ann.): 51%

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

Performance

LITESTRCX

7 days-31.78%+0.05%STRCX
30 days-42.02%+3.64%STRCX

Correlation

-0.23over 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	LITE	STRCX
Max drawdown (400d)	-45.1%	-7.5%
Risk-adjusted return (90d)	-0.40	0.16

Relative strength over 90 days: STRCX outperformed LITE by 37.9% — measured on the LITE/STRCX ratio, so it holds regardless of market direction.

Lumentum • Robinhood Token →Strategy PP Variable xStock →