MaxLinear • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 25279.4× the size of MaxLinear • Robinhood Token (MXL) by market capitalisation. Over the past 30 days, STRCX is ahead by 62.1 percentage points (MXL -59.3% against STRCX +2.8%). Their daily returns move barely in opposite directions (correlation -0.15 across 22 shared trading days). MXL has been the more volatile of the two, at 137% annualised against STRCX's 50%.

Correlation: -0.15
Size ratio: 1 : 25279.4
Ahead over 30 days: STRCX

MaxLinear • Robinhood TokenMXL

$44.4400

24h: -19.97%
Market cap: $5,366
Volume 24h: $2,237
Volatility (ann.): 137%

Strategy PP Variable xStockSTRCX

$109.5900

24h: +0.15%
Market cap: $135.66M
Volume 24h: $1.96M
Volatility (ann.): 50%

MXL 0.0%Share of the two combined market caps100.0% STRCX

Performance

MXLSTRCX

7 days-38.87%-0.16%STRCX
30 days-59.29%+2.84%STRCX

Correlation

-0.15over 22 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	MXL	STRCX
Max drawdown (400d)	-59.3%	-7.5%
Risk-adjusted return (90d)	-0.38	0.15

Relative strength over 90 days: STRCX outperformed MXL by 48.3% — measured on the MXL/STRCX ratio, so it holds regardless of market direction.

MaxLinear • Robinhood Token →Strategy PP Variable xStock →