Marvell Technology (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 18.6× the size of Marvell Technology (bStocks Tokenized Stock) (MRVLB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 57 shared trading days). MRVLB has been the more volatile of the two, at 92% annualised against STRCX's 51%.

Correlation: -0.06
Size ratio: 1 : 18.6

Marvell Technology (bStocks Tokenized Stock)MRVLB

$165.9000

24h: -1.36%
Market cap: $7.91M
Volume 24h: $732,109
Volatility (ann.): 92%

Strategy PP Variable xStockSTRCX

$109.4400

24h: +0.45%
Market cap: $147.36M
Volume 24h: $592,243
Volatility (ann.): 51%

MRVLB 5.1%Share of the two combined market caps94.9% STRCX

Performance

MRVLBSTRCX

7 days-29.58%+5.41%STRCX
30 days-37.68%+3.05%STRCX
90 days-18.35%——

Correlation

-0.06over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2090d: 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	MRVLB	STRCX
Max drawdown (400d)	-40.3%	-7.5%
Risk-adjusted return (90d)	-0.22	0.16

Relative strength over 90 days: STRCX outperformed MRVLB by 32.5% — measured on the MRVLB/STRCX ratio, so it holds regardless of market direction.

Marvell Technology (bStocks Tokenized Stock) →Strategy PP Variable xStock →