Oracle xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 31.8× the size of Oracle xStock (ORCLX) by market capitalisation. Over the past 30 days, STRCX is ahead by 28.9 percentage points (ORCLX -25.8% against STRCX +3.0%). Their daily returns move barely together (correlation 0.14 across 29 shared trading days). ORCLX has been the more volatile of the two, at 74% annualised against STRCX's 51%.

Correlation: 0.14
Size ratio: 1 : 31.8
Ahead over 30 days: STRCX

Oracle xStockORCLX

$123.0400

24h: +2.16%
Market cap: $4.46M
Volume 24h: $23,261
Volatility (ann.): 74%

Strategy PP Variable xStockSTRCX

$109.5900

24h: +2.51%
Market cap: $141.99M
Volume 24h: $541,391
Volatility (ann.): 51%

ORCLX 3.0%Share of the two combined market caps97.0% STRCX

Performance

ORCLXSTRCX

7 days-11.02%+5.41%STRCX
30 days-25.83%+3.05%STRCX

Correlation

0.14over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	ORCLX	STRCX
Max drawdown (400d)	-26.5%	-7.5%
Risk-adjusted return (90d)	-0.29	0.16

Relative strength over 90 days: STRCX outperformed ORCLX by 23.1% — measured on the ORCLX/STRCX ratio, so it holds regardless of market direction.

Oracle xStock →Strategy PP Variable xStock →