Palantir xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 50.8× the size of Palantir xStock (PLTRX) by market capitalisation. Over the past 30 days, PLTRX is ahead by 0.7 percentage points (PLTRX +3.7% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.04 across 29 shared trading days). PLTRX has been the more volatile of the two, at 66% annualised against STRCX's 51%.

Correlation: -0.04
Size ratio: 1 : 50.8
Ahead over 30 days: PLTRX

Palantir xStockPLTRX

$168.5700

24h: -2.85%
Market cap: $2.90M
Volume 24h: $544,940
Volatility (ann.): 66%

Strategy PP Variable xStockSTRCX

$109.4400

24h: +0.45%
Market cap: $147.36M
Volume 24h: $592,243
Volatility (ann.): 51%

PLTRX 1.9%Share of the two combined market caps98.1% STRCX

Performance

PLTRXSTRCX

7 days-2.53%+5.41%STRCX
30 days+3.73%+3.05%PLTRX

Correlation

-0.04over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	PLTRX	STRCX
Max drawdown (400d)	-13.2%	-7.5%
Risk-adjusted return (90d)	-0.02	0.16

Relative strength over 90 days: STRCX outperformed PLTRX by 3.5% — measured on the PLTRX/STRCX ratio, so it holds regardless of market direction.

Palantir xStock →Strategy PP Variable xStock →