NVIDIA xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 3.0× the size of NVIDIA xStock (NVDAX) by market capitalisation. Over the past 30 days, STRCX is ahead by 7.3 percentage points (NVDAX -4.2% 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 NVDAX's 44%.

Correlation: 0.12
Size ratio: 1 : 3.0
Ahead over 30 days: STRCX

NVIDIA xStockNVDAX

$204.9800

24h: -1.54%
Market cap: $48.88M
Volume 24h: $11.10M
Volatility (ann.): 44%

Strategy PP Variable xStockSTRCX

$109.5400

24h: +0.28%
Market cap: $147.53M
Volume 24h: $591,346
Volatility (ann.): 51%

NVDAX 24.9%Share of the two combined market caps75.1% STRCX

Performance

NVDAXSTRCX

7 days-3.52%+5.41%STRCX
30 days-4.22%+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	NVDAX	STRCX
Max drawdown (400d)	-12.1%	-7.5%
Risk-adjusted return (90d)	-0.07	0.16

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

NVIDIA xStock →Strategy PP Variable xStock →