Roundhill Memory ETF (Ondo Tokenized) vs Strategy Stretch Preferred (Ondo Tokenized)

Strategy Stretch Preferred (Ondo Tokenized) (STRCON) is 25.2× the size of Roundhill Memory ETF (Ondo Tokenized) (DRAMON) by market capitalisation. Over the past 90 days, STRCON is ahead by 42.6 percentage points (DRAMON -23.7% against STRCON +18.9%). Their daily returns move barely together (correlation 0.14 across 90 shared trading days). DRAMON has been the more volatile of the two, at 98% annualised against STRCON's 20%.

Correlation: 0.14
Size ratio: 1 : 25.2
Ahead over 90 days: STRCON

Roundhill Memory ETF (Ondo Tokenized)DRAMON

$46.4200

24h: -2.00%
Market cap: $2.10M
Volume 24h: $228,570
Volatility (ann.): 98%

Strategy Stretch Preferred (Ondo Tokenized)STRCON

$106.6200

24h: -0.07%
Market cap: $53.03M
Volume 24h: $1.14M
Volatility (ann.): 20%

DRAMON 3.8%Share of the two combined market caps96.2% STRCON

Performance

DRAMONSTRCON

7 days-20.14%+0.80%STRCON
30 days-20.10%+3.71%STRCON
90 days-23.66%+18.91%STRCON

Correlation

0.14over 90 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 0.141y: 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	DRAMON	STRCON
Max drawdown (400d)	-31.6%	-4.3%
Risk-adjusted return (90d)	-0.24	1.13

Relative strength over 90 days: STRCON outperformed DRAMON by 36.9% — measured on the DRAMON/STRCON ratio, so it holds regardless of market direction.

Roundhill Memory ETF (Ondo Tokenized) →Strategy Stretch Preferred (Ondo Tokenized) →