Moderna, Inc. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 279.5× the size of Moderna, Inc. • Robinhood Token (MRNA) by market capitalisation. Over the past 30 days, MRNA is ahead by 59.0 percentage points (MRNA +62.1% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.14 across 29 shared trading days). MRNA has been the more volatile of the two, at 94% annualised against STRCX's 51%.

Correlation: -0.14
Size ratio: 1 : 279.5
Ahead over 30 days: MRNA

Moderna, Inc. • Robinhood TokenMRNA

$225.7200

24h: +2.36%
Market cap: $526,882
Volume 24h: $370,702
Volatility (ann.): 94%

Strategy PP Variable xStockSTRCX

$109.3800

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

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

Performance

MRNASTRCX

7 days+25.51%+5.41%MRNA
30 days+62.08%+3.05%MRNA

Correlation

-0.14over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	MRNA	STRCX
Max drawdown (400d)	-12.6%	-7.5%
Risk-adjusted return (90d)	0.65	0.16

Relative strength over 90 days: MRNA outperformed STRCX by 53.9% — measured on the MRNA/STRCX ratio, so it holds regardless of market direction.

Moderna, Inc. • Robinhood Token →Strategy PP Variable xStock →