Rigetti Computing (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1056.7× the size of Rigetti Computing (Ondo Tokenized) (RGTION) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 35 shared trading days). RGTION has been the more volatile of the two, at 110% annualised against STRCX's 51%.

Correlation: -0.08
Size ratio: 1 : 1056.7

Rigetti Computing (Ondo Tokenized)RGTION

$11.1300

24h: +3.57%
Market cap: $134,354
Volume 24h: $159,668
Volatility (ann.): 110%

Strategy PP Variable xStockSTRCX

$109.5300

24h: +0.10%
Market cap: $141.97M
Volume 24h: $405,953
Volatility (ann.): 51%

RGTION 0.1%Share of the two combined market caps99.9% STRCX

Performance

RGTIONSTRCX

7 days-3.04%+0.05%STRCX
30 days+3.83%+3.64%RGTION
90 days-15.61%——

Correlation

-0.08over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	RGTION	STRCX
Max drawdown (400d)	-52.0%	-7.5%
Risk-adjusted return (90d)	-0.18	0.16

Relative strength over 90 days: STRCX outperformed RGTION by 17.7% — measured on the RGTION/STRCX ratio, so it holds regardless of market direction.

Rigetti Computing (Ondo Tokenized) →Strategy PP Variable xStock →