Penguin Solutions • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 2035.9× the size of Penguin Solutions • Robinhood Token (PENG) by market capitalisation. Over the past 30 days, STRCX is ahead by 23.8 percentage points (PENG -20.1% against STRCX +3.6%). Their daily returns move barely together (correlation 0.09 across 23 shared trading days). PENG has been the more volatile of the two, at 122% annualised against STRCX's 51%.

Correlation: 0.09
Size ratio: 1 : 2035.9
Ahead over 30 days: STRCX

Penguin Solutions • Robinhood TokenPENG

$47.7700

24h: -8.32%
Market cap: $69,417
Volume 24h: $35,398
Volatility (ann.): 122%

Strategy PP Variable xStockSTRCX

$109.0500

24h: -0.49%
Market cap: $141.32M
Volume 24h: $604,227
Volatility (ann.): 51%

PENG 0.0%Share of the two combined market caps100.0% STRCX

Performance

PENGSTRCX

7 days-18.41%+0.05%STRCX
30 days-20.12%+3.64%STRCX

Correlation

0.09over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	PENG	STRCX
Max drawdown (400d)	-39.2%	-7.5%
Risk-adjusted return (90d)	-0.09	0.16

Relative strength over 90 days: STRCX outperformed PENG by 37.8% — measured on the PENG/STRCX ratio, so it holds regardless of market direction.

Penguin Solutions • Robinhood Token →Strategy PP Variable xStock →