Nike (ST0x Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 3403.0× the size of Nike (ST0x Tokenized Stock) (WTNKE) by market capitalisation. Over the past 30 days, WTNKE is ahead by 11.3 percentage points (WTNKE +14.1% against STRCX +2.8%). Their daily returns move barely together (correlation 0.17 across 24 shared trading days). STRCX has been the more volatile of the two, at 50% annualised against WTNKE's 34%.

Correlation: 0.17
Size ratio: 1 : 3403.0
Ahead over 30 days: WTNKE

Nike (ST0x Tokenized Stock)WTNKE

$40.2300

24h: +4.97%
Market cap: $39,624
Volume 24h: $5,190
Volatility (ann.): 34%

Strategy PP Variable xStockSTRCX

$108.9900

24h: -0.60%
Market cap: $134.84M
Volume 24h: $2.51M
Volatility (ann.): 50%

WTNKE 0.0%Share of the two combined market caps100.0% STRCX

Performance

WTNKESTRCX

7 days+2.48%-0.16%WTNKE
30 days+14.14%+2.84%WTNKE

Correlation

0.17over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	WTNKE	STRCX
Max drawdown (400d)	-2.9%	-7.5%
Risk-adjusted return (90d)	0.50	0.15

Relative strength over 90 days: WTNKE outperformed STRCX by 11.0% — measured on the WTNKE/STRCX ratio, so it holds regardless of market direction.

Nike (ST0x Tokenized Stock) →Strategy PP Variable xStock →