Roblox • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 304.5× the size of Roblox • Robinhood Token (RBLX) by market capitalisation. Over the past 30 days, STRCX is ahead by 1.7 percentage points (RBLX +1.4% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.25 across 29 shared trading days). RBLX has been the more volatile of the two, at 124% annualised against STRCX's 51%.

Correlation: -0.25
Size ratio: 1 : 304.5
Ahead over 30 days: STRCX

Roblox • Robinhood TokenRBLX

$44.9700

24h: +6.07%
Market cap: $483,968
Volume 24h: $81,865
Volatility (ann.): 124%

Strategy PP Variable xStockSTRCX

$109.4400

24h: +0.45%
Market cap: $147.36M
Volume 24h: $592,243
Volatility (ann.): 51%

RBLX 0.3%Share of the two combined market caps99.7% STRCX

Performance

RBLXSTRCX

7 days-15.76%+5.41%STRCX
30 days+1.39%+3.05%STRCX

Correlation

-0.25over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: 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	RBLX	STRCX
Max drawdown (400d)	-19.7%	-7.5%
Risk-adjusted return (90d)	0.09	0.16

Relative strength over 90 days: RBLX outperformed STRCX by 5.8% — measured on the RBLX/STRCX ratio, so it holds regardless of market direction.

Roblox • Robinhood Token →Strategy PP Variable xStock →