Rocket Lab (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 54.3× the size of Rocket Lab (bStocks Tokenized Stock) (RKLBB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 57 shared trading days). RKLBB has been the more volatile of the two, at 86% annualised against STRCX's 51%.

Correlation: -0.10
Size ratio: 1 : 54.3

Rocket Lab (bStocks Tokenized Stock)RKLBB

$54.3900

24h: -0.29%
Market cap: $2.71M
Volume 24h: $535,631
Volatility (ann.): 86%

Strategy PP Variable xStockSTRCX

$109.4400

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

RKLBB 1.8%Share of the two combined market caps98.2% STRCX

Performance

RKLBBSTRCX

7 days-6.84%+5.41%STRCX
30 days-27.19%+3.05%STRCX
90 days-27.27%——

Correlation

-0.10over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	RKLBB	STRCX
Max drawdown (400d)	-41.2%	-7.5%
Risk-adjusted return (90d)	-0.36	0.16

Relative strength over 90 days: STRCX outperformed RKLBB by 38.8% — measured on the RKLBB/STRCX ratio, so it holds regardless of market direction.

Rocket Lab (bStocks Tokenized Stock) →Strategy PP Variable xStock →