Qualcomm • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 3895.7× the size of Qualcomm • Robinhood Token (QCOM) by market capitalisation. Over the past 30 days, STRCX is ahead by 14.1 percentage points (QCOM -11.2% against STRCX +2.8%). Their daily returns move loosely in opposite directions (correlation -0.37 across 29 shared trading days). QCOM has been the more volatile of the two, at 61% annualised against STRCX's 50%.

Correlation: -0.37
Size ratio: 1 : 3895.7
Ahead over 30 days: STRCX

Qualcomm • Robinhood TokenQCOM

$160.1200

24h: -0.08%
Market cap: $34,720
Volume 24h: $15,953
Volatility (ann.): 61%

Strategy PP Variable xStockSTRCX

$109.2300

24h: -0.46%
Market cap: $135.26M
Volume 24h: $2.52M
Volatility (ann.): 50%

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

Performance

QCOMSTRCX

7 days-13.44%-0.16%STRCX
30 days-11.25%+2.84%STRCX

Correlation

-0.37over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3790d: 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	QCOM	STRCX
Max drawdown (400d)	-22.9%	-7.5%
Risk-adjusted return (90d)	-0.12	0.15

Relative strength over 90 days: STRCX outperformed QCOM by 12.2% — measured on the QCOM/STRCX ratio, so it holds regardless of market direction.

Qualcomm • Robinhood Token →Strategy PP Variable xStock →