Pfizer (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 38.5× the size of Pfizer (Ondo Tokenized Stock) (PFEON) by market capitalisation. Over the past 30 days, STRCX is ahead by 0.4 percentage points (PFEON +2.7% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.14 across 21 shared trading days). PFEON has been the more volatile of the two, at 71% annualised against STRCX's 51%.

Correlation: -0.14
Size ratio: 1 : 38.5
Ahead over 30 days: STRCX

Pfizer (Ondo Tokenized Stock)PFEON

$31.8800

24h: -2.73%
Market cap: $3.82M
Volume 24h: $218
Volatility (ann.): 71%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.47%
Market cap: $147.21M
Volume 24h: $594,635
Volatility (ann.): 51%

PFEON 2.5%Share of the two combined market caps97.5% STRCX

Performance

PFEONSTRCX

7 days+3.77%+5.41%STRCX
30 days+2.66%+3.05%STRCX

Correlation

-0.14over 21 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	PFEON	STRCX
Max drawdown (400d)	-17.5%	-7.5%
Risk-adjusted return (90d)	0.04	0.16

Relative strength over 90 days: PFEON outperformed STRCX by 1.2% — measured on the PFEON/STRCX ratio, so it holds regardless of market direction.

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