Strategy PP Variable xStock (STRCX) is 30.7× the size of Robinhood (bStocks Tokenized Stock) (HOODB) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 57 shared trading days). HOODB has been the more volatile of the two, at 71% annualised against STRCX's 51%.
$88.2700
$109.5800
HOODBSTRCX
0.14over 57 shared trading days
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.
| Metric | HOODB | STRCX |
|---|---|---|
| Max drawdown (400d) | -33.4% | -7.5% |
| Risk-adjusted return (90d) | -0.11 | 0.16 |
Relative strength over 90 days: STRCX outperformed HOODB by 18.1% — measured on the HOODB/STRCX ratio, so it holds regardless of market direction.