Micron Technology (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1.9× the size of Micron Technology (bStocks Tokenized Stock) (MUB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.15 across 57 shared trading days). MUB has been the more volatile of the two, at 90% annualised against STRCX's 51%.

Correlation: -0.15
Size ratio: 1 : 1.9

Micron Technology (bStocks Tokenized Stock)MUB

$800.1500

24h: -7.89%
Market cap: $76.73M
Volume 24h: $32.83M
Volatility (ann.): 90%

Strategy PP Variable xStockSTRCX

$109.5900

24h: +2.51%
Market cap: $141.99M
Volume 24h: $541,391
Volatility (ann.): 51%

MUB 35.1%Share of the two combined market caps64.9% STRCX

Performance

MUBSTRCX

7 days-8.61%+5.41%STRCX
30 days-19.98%+3.05%STRCX
90 days-1.83%——

Correlation

-0.15over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: 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	MUB	STRCX
Max drawdown (400d)	-40.3%	-7.5%
Risk-adjusted return (90d)	-0.03	0.16

Relative strength over 90 days: STRCX outperformed MUB by 21.7% — measured on the MUB/STRCX ratio, so it holds regardless of market direction.

Micron Technology (bStocks Tokenized Stock) →Strategy PP Variable xStock →