Ondas Holdings (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 845.3× the size of Ondas Holdings (Ondo Tokenized) (ONDSON) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 35 shared trading days). ONDSON has been the more volatile of the two, at 95% annualised against STRCX's 51%.

Correlation: 0.02
Size ratio: 1 : 845.3

Ondas Holdings (Ondo Tokenized)ONDSON

$5.2500

24h: -8.24%
Market cap: $167,729
Volume 24h: $785,091
Volatility (ann.): 95%

Strategy PP Variable xStockSTRCX

$109.3900

24h: +0.06%
Market cap: $141.78M
Volume 24h: $406,697
Volatility (ann.): 51%

ONDSON 0.1%Share of the two combined market caps99.9% STRCX

Performance

ONDSONSTRCX

7 days+3.35%+0.05%ONDSON
30 days-4.13%+3.64%STRCX
90 days-8.03%——

Correlation

0.02over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0090d: 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	ONDSON	STRCX
Max drawdown (400d)	-52.9%	-7.5%
Risk-adjusted return (90d)	-0.10	0.16

Relative strength over 90 days: STRCX outperformed ONDSON by 20.3% — measured on the ONDSON/STRCX ratio, so it holds regardless of market direction.

Ondas Holdings (Ondo Tokenized) →Strategy PP Variable xStock →