Rivian Automotive • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 456.8× the size of Rivian Automotive • Robinhood Token (RIVN) by market capitalisation. Over the past 30 days, STRCX is ahead by 21.0 percentage points (RIVN -18.0% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.08 across 25 shared trading days). RIVN has been the more volatile of the two, at 78% annualised against STRCX's 51%.

Correlation: -0.08
Size ratio: 1 : 456.8
Ahead over 30 days: STRCX

Rivian Automotive • Robinhood TokenRIVN

$13.1500

24h: -0.43%
Market cap: $311,776
Volume 24h: $27,307
Volatility (ann.): 78%

Strategy PP Variable xStockSTRCX

$109.8900

24h: +2.95%
Market cap: $142.42M
Volume 24h: $536,903
Volatility (ann.): 51%

RIVN 0.2%Share of the two combined market caps99.8% STRCX

Performance

RIVNSTRCX

7 days-11.88%+5.41%STRCX
30 days-17.96%+3.05%STRCX

Correlation

-0.08over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	RIVN	STRCX
Max drawdown (400d)	-28.3%	-7.5%
Risk-adjusted return (90d)	-0.21	0.16

Relative strength over 90 days: STRCX outperformed RIVN by 20.9% — measured on the RIVN/STRCX ratio, so it holds regardless of market direction.

Rivian Automotive • Robinhood Token →Strategy PP Variable xStock →