Rocket Lab (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 101.1× the size of Rocket Lab (Ondo Tokenized) (RKLBON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.29 across 35 shared trading days). RKLBON has been the more volatile of the two, at 103% annualised against STRCX's 51%.

Correlation: -0.29
Size ratio: 1 : 101.1

Rocket Lab (Ondo Tokenized)RKLBON

$52.8500

24h: +0.46%
Market cap: $1.44M
Volume 24h: $346,108
Volatility (ann.): 103%

Strategy PP Variable xStockSTRCX

$109.5800

24h: +2.88%
Market cap: $145.22M
Volume 24h: $555,974
Volatility (ann.): 51%

RKLBON 1.0%Share of the two combined market caps99.0% STRCX

Performance

RKLBONSTRCX

7 days+0.77%+5.41%STRCX
30 days+11.31%+3.05%RKLBON
90 days-28.66%——

Correlation

-0.29over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3190d: 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	RKLBON	STRCX
Max drawdown (400d)	-60.7%	-7.5%
Risk-adjusted return (90d)	-0.33	0.16

Relative strength over 90 days: STRCX outperformed RKLBON by 17.7% — measured on the RKLBON/STRCX ratio, so it holds regardless of market direction.

Rocket Lab (Ondo Tokenized) →Strategy PP Variable xStock →