NVIDIA (Coinbase Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 22.4× the size of NVIDIA (Coinbase Tokenized Stock) (NVDAC) by market capitalisation. Over the past 30 days, STRCX is ahead by 11.1 percentage points (NVDAC -8.1% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.06 across 31 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against NVDAC's 33%.

Correlation: -0.06
Size ratio: 1 : 22.4
Ahead over 30 days: STRCX

NVIDIA (Coinbase Tokenized Stock)NVDAC

$204.4000

24h: -0.05%
Market cap: $6.58M
Volume 24h: $9.44M
Volatility (ann.): 33%

Strategy PP Variable xStockSTRCX

$109.3800

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

NVDAC 4.3%Share of the two combined market caps95.7% STRCX

Performance

NVDACSTRCX

7 days-4.94%+5.41%STRCX
30 days-8.10%+3.05%STRCX

Correlation

-0.06over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	NVDAC	STRCX
Max drawdown (400d)	-12.6%	-7.5%
Risk-adjusted return (90d)	-0.17	0.16

Relative strength over 90 days: STRCX outperformed NVDAC by 8.2% — measured on the NVDAC/STRCX ratio, so it holds regardless of market direction.

NVIDIA (Coinbase Tokenized Stock) →Strategy PP Variable xStock →