Meta Platforms (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 143.5× the size of Meta Platforms (bStocks Tokenized Stock) (METAB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.15 across 57 shared trading days). Both have run at a similar volatility, around 50% annualised.

Correlation: -0.15
Size ratio: 1 : 143.5

Meta Platforms (bStocks Tokenized Stock)METAB

$640.9300

24h: +0.30%
Market cap: $1.01M
Volume 24h: $175,586
Volatility (ann.): 49%

Strategy PP Variable xStockSTRCX

$109.5800

24h: +2.88%
Market cap: $145.22M
Volume 24h: $555,974
Volatility (ann.): 51%

METAB 0.7%Share of the two combined market caps99.3% STRCX

Performance

METABSTRCX

7 days+0.30%+5.41%STRCX
30 days-14.62%+3.05%STRCX
90 days+5.18%——

Correlation

-0.15over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	METAB	STRCX
Max drawdown (400d)	-21.3%	-7.5%
Risk-adjusted return (90d)	0.12	0.16

Relative strength over 90 days: METAB outperformed STRCX by 1.2% — measured on the METAB/STRCX ratio, so it holds regardless of market direction.

Meta Platforms (bStocks Tokenized Stock) →Strategy PP Variable xStock →