PayPal (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 123.2× the size of PayPal (Ondo Tokenized Stock) (PYPLON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 35 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against PYPLON's 43%.

Correlation: -0.01
Size ratio: 1 : 123.2

PayPal (Ondo Tokenized Stock)PYPLON

$58.1800

24h: -1.82%
Market cap: $1.20M
Volume 24h: $154,917
Volatility (ann.): 43%

Strategy PP Variable xStockSTRCX

$109.4400

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

PYPLON 0.8%Share of the two combined market caps99.2% STRCX

Performance

PYPLONSTRCX

7 days+4.00%+5.41%STRCX
30 days+2.27%+3.05%STRCX
90 days+27.74%——

Correlation

-0.01over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	PYPLON	STRCX
Max drawdown (400d)	-20.3%	-7.5%
Risk-adjusted return (90d)	0.51	0.16

Relative strength over 90 days: STRCX outperformed PYPLON by 14.3% — measured on the PYPLON/STRCX ratio, so it holds regardless of market direction.

PayPal (Ondo Tokenized Stock) →Strategy PP Variable xStock →