Marvell xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 27.3× the size of Marvell xStock (MRVLX) by market capitalisation. Over the past 30 days, STRCX is ahead by 11.9 percentage points (MRVLX -8.8% against STRCX +3.0%). Their daily returns move barely together (correlation 0.13 across 31 shared trading days). MRVLX has been the more volatile of the two, at 102% annualised against STRCX's 51%.

Correlation: 0.13
Size ratio: 1 : 27.3
Ahead over 30 days: STRCX

Marvell xStockMRVLX

$165.7300

24h: -5.60%
Market cap: $5.39M
Volume 24h: $14,375
Volatility (ann.): 102%

Strategy PP Variable xStockSTRCX

$109.3800

24h: +0.44%
Market cap: $147.25M
Volume 24h: $595,436
Volatility (ann.): 51%

MRVLX 3.5%Share of the two combined market caps96.5% STRCX

Performance

MRVLXSTRCX

7 days-14.48%+5.41%STRCX
30 days-8.84%+3.05%STRCX

Correlation

0.13over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	MRVLX	STRCX
Max drawdown (400d)	-34.3%	-7.5%
Risk-adjusted return (90d)	-0.07	0.16

Relative strength over 90 days: STRCX outperformed MRVLX by 11.2% — measured on the MRVLX/STRCX ratio, so it holds regardless of market direction.

Marvell xStock →Strategy PP Variable xStock →