Micron Technology • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 245.2× the size of Micron Technology • Robinhood Token (MU) by market capitalisation. Over the past 30 days, STRCX is ahead by 18.3 percentage points (MU -15.3% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.15 across 29 shared trading days). MU has been the more volatile of the two, at 70% annualised against STRCX's 51%.

Correlation: -0.15
Size ratio: 1 : 245.2
Ahead over 30 days: STRCX

Micron Technology • Robinhood TokenMU

$840.5900

24h: -0.51%
Market cap: $600,625
Volume 24h: $4.62M
Volatility (ann.): 70%

Strategy PP Variable xStockSTRCX

$109.3800

24h: +0.44%
Market cap: $147.25M
Volume 24h: $595,436
Volatility (ann.): 51%

MU 0.4%Share of the two combined market caps99.6% STRCX

Performance

MUSTRCX

7 days-7.91%+5.41%STRCX
30 days-15.26%+3.05%STRCX

Correlation

-0.15over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	MU	STRCX
Max drawdown (400d)	-22.5%	-7.5%
Risk-adjusted return (90d)	-0.16	0.16

Relative strength over 90 days: STRCX outperformed MU by 15.5% — measured on the MU/STRCX ratio, so it holds regardless of market direction.

Micron Technology • Robinhood Token →Strategy PP Variable xStock →