Meta (Coinbase Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 32.9× the size of Meta (Coinbase Tokenized Stock) (METAC) by market capitalisation. Over the past 30 days, STRCX is ahead by 2.1 percentage points (METAC +1.0% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.25 across 31 shared trading days). METAC has been the more volatile of the two, at 62% annualised against STRCX's 51%.

Correlation: -0.25
Size ratio: 1 : 32.9
Ahead over 30 days: STRCX

Meta (Coinbase Tokenized Stock)METAC

$612.8200

24h: +0.75%
Market cap: $4.50M
Volume 24h: $11.92M
Volatility (ann.): 62%

Strategy PP Variable xStockSTRCX

$109.7500

24h: +3.23%
Market cap: $147.82M
Volume 24h: $574,366
Volatility (ann.): 51%

METAC 3.0%Share of the two combined market caps97.0% STRCX

Performance

METACSTRCX

7 days-0.15%+5.41%STRCX
30 days+0.99%+3.05%STRCX

Correlation

-0.25over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: 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	METAC	STRCX
Max drawdown (400d)	-21.5%	-7.5%
Risk-adjusted return (90d)	0.10	0.16

Relative strength over 90 days: METAC outperformed STRCX by 3.3% — measured on the METAC/STRCX ratio, so it holds regardless of market direction.

Meta (Coinbase Tokenized Stock) →Strategy PP Variable xStock →