NVIDIA (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 4.3× the size of NVIDIA (Ondo Tokenized Stock) (NVDAON) by market capitalisation. Over the past 30 days, STRCX is ahead by 7.3 percentage points (NVDAON -4.3% against STRCX +3.0%). Their daily returns move barely together (correlation 0.12 across 47 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against NVDAON's 44%.

Correlation: 0.12
Size ratio: 1 : 4.3
Ahead over 30 days: STRCX

NVIDIA (Ondo Tokenized Stock)NVDAON

$208.1400

24h: +2.14%
Market cap: $33.91M
Volume 24h: $1.22M
Volatility (ann.): 44%

Strategy PP Variable xStockSTRCX

$109.3800

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

NVDAON 18.7%Share of the two combined market caps81.3% STRCX

Performance

NVDAONSTRCX

7 days-3.53%+5.41%STRCX
30 days-4.25%+3.05%STRCX

Correlation

0.12over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	NVDAON	STRCX
Max drawdown (400d)	-12.1%	-7.5%
Risk-adjusted return (90d)	-0.07	0.16

Relative strength over 90 days: STRCX outperformed NVDAON by 9.1% — measured on the NVDAON/STRCX ratio, so it holds regardless of market direction.

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