Nebius Group • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 467.8× the size of Nebius Group • Robinhood Token (NBIS) by market capitalisation. Over the past 30 days, STRCX is ahead by 45.5 percentage points (NBIS -41.9% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.32 across 28 shared trading days). NBIS has been the more volatile of the two, at 107% annualised against STRCX's 51%.

Correlation: -0.32
Size ratio: 1 : 467.8
Ahead over 30 days: STRCX

Nebius Group • Robinhood TokenNBIS

$137.5700

24h: -4.86%
Market cap: $303,140
Volume 24h: $38,575
Volatility (ann.): 107%

Strategy PP Variable xStockSTRCX

$109.4400

24h: +0.05%
Market cap: $141.80M
Volume 24h: $426,508
Volatility (ann.): 51%

NBIS 0.2%Share of the two combined market caps99.8% STRCX

Performance

NBISSTRCX

7 days-19.41%+0.05%STRCX
30 days-41.88%+3.64%STRCX

Correlation

-0.32over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3290d: 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	NBIS	STRCX
Max drawdown (400d)	-42.0%	-7.5%
Risk-adjusted return (90d)	-0.28	0.16

Relative strength over 90 days: STRCX outperformed NBIS by 33.7% — measured on the NBIS/STRCX ratio, so it holds regardless of market direction.

Nebius Group • Robinhood Token →Strategy PP Variable xStock →