McDonald's (ST0x Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 4883.4× the size of McDonald's (ST0x Tokenized Stock) (WTMCD) by market capitalisation. Over the past 30 days, WTMCD is ahead by 16.5 percentage points (WTMCD +19.3% against STRCX +2.8%). Their daily returns move barely together (correlation 0.14 across 24 shared trading days). STRCX has been the more volatile of the two, at 50% annualised against WTMCD's 28%.

Correlation: 0.14
Size ratio: 1 : 4883.4
Ahead over 30 days: WTMCD

McDonald's (ST0x Tokenized Stock)WTMCD

$275.1400

24h: -1.12%
Market cap: $27,644
Volume 24h: $7,122
Volatility (ann.): 28%

Strategy PP Variable xStockSTRCX

$109.0100

24h: -0.34%
Market cap: $135.00M
Volume 24h: $2.53M
Volatility (ann.): 50%

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

Performance

WTMCDSTRCX

7 days+7.91%-0.16%WTMCD
30 days+19.34%+2.84%WTMCD

Correlation

0.14over 24 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	WTMCD	STRCX
Max drawdown (400d)	-2.1%	-7.5%
Risk-adjusted return (90d)	0.70	0.15

Relative strength over 90 days: WTMCD outperformed STRCX by 19.0% — measured on the WTMCD/STRCX ratio, so it holds regardless of market direction.

McDonald's (ST0x Tokenized Stock) →Strategy PP Variable xStock →