Regeneron Pharmaceuticals (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 8898.0× the size of Regeneron Pharmaceuticals (Ondo Tokenized) (REGNON) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 35 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against REGNON's 36%.

Correlation: 0.03
Size ratio: 1 : 8898.0

Regeneron Pharmaceuticals (Ondo Tokenized)REGNON

$926.2100

24h: -4.47%
Market cap: $15,210
Volume 24h: $150,485
Volatility (ann.): 36%

Strategy PP Variable xStockSTRCX

$109.1100

24h: -0.45%
Market cap: $135.34M
Volume 24h: $2.06M
Volatility (ann.): 51%

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

Performance

REGNONSTRCX

7 days+1.07%+0.05%REGNON
30 days+1.05%+3.64%STRCX
90 days+28.13%——

Correlation

0.03over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	REGNON	STRCX
Max drawdown (400d)	-22.7%	-7.5%
Risk-adjusted return (90d)	0.84	0.16

Relative strength over 90 days: STRCX outperformed REGNON by 6.8% — measured on the REGNON/STRCX ratio, so it holds regardless of market direction.

Regeneron Pharmaceuticals (Ondo Tokenized) →Strategy PP Variable xStock →