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

Strategy PP Variable xStock (STRCX) is 184.9× the size of Robinhood Markets Tokenized Stock (Reality) (RHOOD) by market capitalisation. Over the past 30 days, STRCX is ahead by 26.5 percentage points (RHOOD -22.8% against STRCX +3.6%). Their daily returns move loosely together (correlation 0.40 across 23 shared trading days). Both have run at a similar volatility, around 49% annualised.

Correlation: 0.40
Size ratio: 1 : 184.9
Ahead over 30 days: STRCX

Robinhood Markets Tokenized Stock (Reality)RHOOD

$87.2200

24h: +3.98%
Market cap: $769,561
Volume 24h: $195,329
Volatility (ann.): 48%

Strategy PP Variable xStockSTRCX

$109.7900

24h: +0.10%
Market cap: $142.30M
Volume 24h: $497,156
Volatility (ann.): 51%

RHOOD 0.5%Share of the two combined market caps99.5% STRCX

Performance

RHOODSTRCX

7 days-3.07%+0.05%STRCX
30 days-22.83%+3.64%STRCX

Correlation

0.40over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	RHOOD	STRCX
Max drawdown (400d)	-26.2%	-7.5%
Risk-adjusted return (90d)	-0.46	0.16

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

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