Palantir Technologies • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 65.0× the size of Palantir Technologies • Robinhood Token (PLTR) by market capitalisation. Over the past 30 days, STRCX is ahead by 6.7 percentage points (PLTR -3.6% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.14 across 29 shared trading days). Both have run at a similar volatility, around 54% annualised.

Correlation: -0.14
Size ratio: 1 : 65.0
Ahead over 30 days: STRCX

Palantir Technologies • Robinhood TokenPLTR

$169.8400

24h: -2.11%
Market cap: $2.26M
Volume 24h: $3.14M
Volatility (ann.): 57%

Strategy PP Variable xStockSTRCX

$109.2600

24h: +0.33%
Market cap: $147.13M
Volume 24h: $591,035
Volatility (ann.): 51%

PLTR 1.5%Share of the two combined market caps98.5% STRCX

Performance

PLTRSTRCX

7 days-9.41%+5.41%STRCX
30 days-3.63%+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	PLTR	STRCX
Max drawdown (400d)	-14.3%	-7.5%
Risk-adjusted return (90d)	-0.16	0.16

Relative strength over 90 days: STRCX outperformed PLTR by 11.8% — measured on the PLTR/STRCX ratio, so it holds regardless of market direction.

Palantir Technologies • Robinhood Token →Strategy PP Variable xStock →