Reddit (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 286.1× the size of Reddit (Ondo Tokenized Stock) (RDDTON) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 37 shared trading days). RDDTON has been the more volatile of the two, at 72% annualised against STRCX's 51%.

Correlation: 0.09
Size ratio: 1 : 286.1

Reddit (Ondo Tokenized Stock)RDDTON

$94.1200

24h: +2.89%
Market cap: $514,507
Volume 24h: $436,290
Volatility (ann.): 72%

Strategy PP Variable xStockSTRCX

$109.3300

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

RDDTON 0.3%Share of the two combined market caps99.7% STRCX

Performance

RDDTONSTRCX

7 days+21.39%+5.41%RDDTON
30 days+24.60%+3.05%RDDTON
90 days-4.55%——
1 year-9.55%——

Correlation

0.09over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	RDDTON	STRCX
Max drawdown (400d)	-53.3%	-7.5%
Risk-adjusted return (90d)	-0.05	0.16

Relative strength over 90 days: RDDTON outperformed STRCX by 10.0% — measured on the RDDTON/STRCX ratio, so it holds regardless of market direction.

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