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

Strategy PP Variable xStock (STRCX) is 15.3× the size of Marvell Technology (Ondo Tokenized Stock) (MRVLON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 35 shared trading days). MRVLON has been the more volatile of the two, at 93% annualised against STRCX's 51%.

Correlation: -0.09
Size ratio: 1 : 15.3

Marvell Technology (Ondo Tokenized Stock)MRVLON

$166.7100

24h: -4.95%
Market cap: $9.60M
Volume 24h: $2.13M
Volatility (ann.): 93%

Strategy PP Variable xStockSTRCX

$109.3600

24h: +0.31%
Market cap: $147.26M
Volume 24h: $594,415
Volatility (ann.): 51%

MRVLON 6.1%Share of the two combined market caps93.9% STRCX

Performance

MRVLONSTRCX

7 days-1.94%+5.41%STRCX
30 days+17.30%+3.05%MRVLON
90 days-14.22%——
1 year+177.15%——

Correlation

-0.09over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	MRVLON	STRCX
Max drawdown (400d)	-48.9%	-7.5%
Risk-adjusted return (90d)	-0.15	0.16

Relative strength over 90 days: MRVLON outperformed STRCX by 1.6% — measured on the MRVLON/STRCX ratio, so it holds regardless of market direction.

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