Microsoft (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 51.4× the size of Microsoft (bStocks Tokenized Stock) (MSFTB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 57 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against MSFTB's 29%.

Correlation: -0.04
Size ratio: 1 : 51.4

Microsoft (bStocks Tokenized Stock)MSFTB

$552.4800

24h: +0.20%
Market cap: $2.87M
Volume 24h: $100,123
Volatility (ann.): 29%

Strategy PP Variable xStockSTRCX

$109.5700

24h: +3.17%
Market cap: $147.56M
Volume 24h: $572,470
Volatility (ann.): 51%

MSFTB 1.9%Share of the two combined market caps98.1% STRCX

Performance

MSFTBSTRCX

7 days-2.88%+5.41%STRCX
30 days-0.07%+3.05%STRCX
90 days+6.46%——

Correlation

-0.04over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	MSFTB	STRCX
Max drawdown (400d)	-6.7%	-7.5%
Risk-adjusted return (90d)	0.27	0.16

Relative strength over 90 days: STRCX outperformed MSFTB by 0.3% — measured on the MSFTB/STRCX ratio, so it holds regardless of market direction.

Microsoft (bStocks Tokenized Stock) →Strategy PP Variable xStock →