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

Strategy PP Variable xStock (STRCX) is 4.4× the size of Micron Technology (Ondo Tokenized Stock) (MUON) by market capitalisation. Over the past 30 days, STRCX is ahead by 13.7 percentage points (MUON -10.6% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.09 across 47 shared trading days). MUON has been the more volatile of the two, at 73% annualised against STRCX's 51%.

Correlation: -0.09
Size ratio: 1 : 4.4
Ahead over 30 days: STRCX

Micron Technology (Ondo Tokenized Stock)MUON

$865.3100

24h: +0.84%
Market cap: $33.54M
Volume 24h: $3.57M
Volatility (ann.): 73%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.18%
Market cap: $147.22M
Volume 24h: $596,482
Volatility (ann.): 51%

MUON 18.6%Share of the two combined market caps81.4% STRCX

Performance

MUONSTRCX

7 days-5.85%+5.41%STRCX
30 days-10.63%+3.05%STRCX

Correlation

-0.09over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	MUON	STRCX
Max drawdown (400d)	-22.6%	-7.5%
Risk-adjusted return (90d)	-0.13	0.16

Relative strength over 90 days: STRCX outperformed MUON by 15.0% — measured on the MUON/STRCX ratio, so it holds regardless of market direction.

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