Strategy PP Variable xStock (STRCX) is 54.9× the size of Oracle (bStocks Tokenized Stock) (ORCLB) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 57 shared trading days). ORCLB has been the more volatile of the two, at 62% annualised against STRCX's 51%.
$119.9300
$109.3300
ORCLBSTRCX
0.23over 57 shared trading days
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.
| Metric | ORCLB | STRCX |
|---|---|---|
| Max drawdown (400d) | -26.7% | -7.5% |
| Risk-adjusted return (90d) | -0.19 | 0.16 |
Relative strength over 90 days: STRCX outperformed ORCLB by 20.5% — measured on the ORCLB/STRCX ratio, so it holds regardless of market direction.