Strategy PP Variable xStock (STRCX) is 55.4× the size of McDonald's (Ondo Tokenized Stock) (MCDON) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 43 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against MCDON's 20%.
$264.3600
$109.7400
MCDONSTRCX
0.22over 43 shared trading days
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.
| Metric | MCDON | STRCX |
|---|---|---|
| Max drawdown (400d) | -30.0% | -7.5% |
| Risk-adjusted return (90d) | -0.20 | 0.16 |
| Best 30 days (past year) | +9.3% | — |
| Worst 30 days (past year) | -12.1% | — |
Relative strength over 90 days: STRCX outperformed MCDON by 8.8% — measured on the MCDON/STRCX ratio, so it holds regardless of market direction.