Robinhood Markets (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 46.9× the size of Robinhood Markets (Ondo Tokenized Stock) (HOODON) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 35 shared trading days). HOODON has been the more volatile of the two, at 76% annualised against STRCX's 51%.

Correlation: 0.03
Size ratio: 1 : 46.9

Robinhood Markets (Ondo Tokenized Stock)HOODON

$84.1500

24h: -0.14%
Market cap: $3.14M
Volume 24h: $1.12M
Volatility (ann.): 76%

Strategy PP Variable xStockSTRCX

$109.2600

24h: +0.33%
Market cap: $147.13M
Volume 24h: $591,035
Volatility (ann.): 51%

HOODON 2.1%Share of the two combined market caps97.9% STRCX

Performance

HOODONSTRCX

7 days-6.46%+5.41%STRCX
30 days+10.49%+3.05%HOODON
90 days+7.51%——
1 year-17.14%——

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	HOODON	STRCX
Max drawdown (400d)	-57.6%	-7.5%
Risk-adjusted return (90d)	0.10	0.16

Relative strength over 90 days: HOODON outperformed STRCX by 13.3% — measured on the HOODON/STRCX ratio, so it holds regardless of market direction.

Robinhood Markets (Ondo Tokenized Stock) →Strategy PP Variable xStock →