Palantir Technologies (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 99.6× the size of Palantir Technologies (bStocks Tokenized Stock) (PLTRB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 57 shared trading days). Both have run at a similar volatility, around 55% annualised.

Correlation: -0.01
Size ratio: 1 : 99.6

Palantir Technologies (bStocks Tokenized Stock)PLTRB

$170.7500

24h: +0.16%
Market cap: $1.46M
Volume 24h: $157,870
Volatility (ann.): 58%

Strategy PP Variable xStockSTRCX

$109.7400

24h: +3.03%
Market cap: $145.41M
Volume 24h: $557,542
Volatility (ann.): 51%

PLTRB 1.0%Share of the two combined market caps99.0% STRCX

Performance

PLTRBSTRCX

7 days-12.40%+5.41%STRCX
30 days-8.11%+3.05%STRCX
90 days+11.27%——

Correlation

-0.01over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	PLTRB	STRCX
Max drawdown (400d)	-17.8%	-7.5%
Risk-adjusted return (90d)	0.23	0.16

Relative strength over 90 days: STRCX outperformed PLTRB by 5.9% — measured on the PLTRB/STRCX ratio, so it holds regardless of market direction.

Palantir Technologies (bStocks Tokenized Stock) →Strategy PP Variable xStock →