Netflix • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 242.4× the size of Netflix • Robinhood Token (NFLX) by market capitalisation. Over the past 30 days, STRCX is ahead by 23.8 percentage points (NFLX -20.8% against STRCX +3.0%). Their daily returns move barely together (correlation 0.22 across 27 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against NFLX's 44%.

Correlation: 0.22
Size ratio: 1 : 242.4
Ahead over 30 days: STRCX

Netflix • Robinhood TokenNFLX

$62.6300

24h: +0.58%
Market cap: $600,148
Volume 24h: $44,495
Volatility (ann.): 44%

Strategy PP Variable xStockSTRCX

$109.7800

24h: +3.09%
Market cap: $145.50M
Volume 24h: $575,035
Volatility (ann.): 51%

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

Performance

NFLXSTRCX

7 days-11.81%+5.41%STRCX
30 days-20.80%+3.05%STRCX

Correlation

0.22over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	NFLX	STRCX
Max drawdown (400d)	-25.1%	-7.5%
Risk-adjusted return (90d)	-0.55	0.16

Relative strength over 90 days: STRCX outperformed NFLX by 27.1% — measured on the NFLX/STRCX ratio, so it holds regardless of market direction.

Netflix • Robinhood Token →Strategy PP Variable xStock →