NVIDIA • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 8.5× the size of NVIDIA • Robinhood Token (NVDA) by market capitalisation. Over the past 30 days, STRCX is ahead by 13.2 percentage points (NVDA -10.2% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.08 across 32 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against NVDA's 34%.

Correlation: -0.08
Size ratio: 1 : 8.5
Ahead over 30 days: STRCX

NVIDIA • Robinhood TokenNVDA

$204.4500

24h: -0.05%
Market cap: $17.42M
Volume 24h: $28.11M
Volatility (ann.): 34%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.47%
Market cap: $147.21M
Volume 24h: $594,635
Volatility (ann.): 51%

NVDA 10.6%Share of the two combined market caps89.4% STRCX

Performance

NVDASTRCX

7 days-3.78%+5.41%STRCX
30 days-10.17%+3.05%STRCX

Correlation

-0.08over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	NVDA	STRCX
Max drawdown (400d)	-12.6%	-7.5%
Risk-adjusted return (90d)	-0.14	0.16

Relative strength over 90 days: STRCX outperformed NVDA by 9.3% — measured on the NVDA/STRCX ratio, so it holds regardless of market direction.

NVIDIA • Robinhood Token →Strategy PP Variable xStock →