Planet Labs (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 28693.8× the size of Planet Labs (Ondo Tokenized) (PLON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.21 across 35 shared trading days). PLON has been the more volatile of the two, at 70% annualised against STRCX's 51%.

Correlation: -0.21
Size ratio: 1 : 28693.8

Planet Labs (Ondo Tokenized)PLON

$12.6700

24h: -4.18%
Market cap: $4,957
Volume 24h: $140,987
Volatility (ann.): 70%

Strategy PP Variable xStockSTRCX

$109.7500

24h: +0.05%
Market cap: $142.24M
Volume 24h: $498,321
Volatility (ann.): 51%

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

Performance

PLONSTRCX

7 days-0.12%+0.05%STRCX
30 days-13.62%+3.64%STRCX
90 days-48.05%——

Correlation

-0.21over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	PLON	STRCX
Max drawdown (400d)	-52.1%	-7.5%
Risk-adjusted return (90d)	-0.75	0.16

Relative strength over 90 days: STRCX outperformed PLON by 32.9% — measured on the PLON/STRCX ratio, so it holds regardless of market direction.

Planet Labs (Ondo Tokenized) →Strategy PP Variable xStock →