Strategy PP Variable xStock (STRCX) is 50.5× the size of Palantir Technologies (Ondo Tokenized Stock) (PLTRON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 44 shared trading days). Both have run at a similar volatility, around 54% annualised.
$169.5700
$109.5800
PLTRONSTRCX
-0.09over 44 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 | PLTRON | STRCX |
|---|---|---|
| Max drawdown (400d) | -46.3% | -7.5% |
| Risk-adjusted return (90d) | 0.59 | 0.16 |
| Best 30 days (past year) | +51.5% | — |
| Worst 30 days (past year) | -29.8% | — |
Relative strength over 90 days: STRCX outperformed PLTRON by 6.8% — measured on the PLTRON/STRCX ratio, so it holds regardless of market direction.