Salesforce (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Salesforce (bStocks Tokenized Stock) (CRMB) and Strategy PP Variable xStock (STRCX) compared side by side. Over the past 30 days, STRCX is ahead by 8.7 percentage points (CRMB -5.6% against STRCX +3.0%). Their daily returns move barely together (correlation 0.11 across 34 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against CRMB's 36%.

Correlation: 0.11
Ahead over 30 days: STRCX

Salesforce (bStocks Tokenized Stock)CRMB

$223.0200

24h: +1.72%
Market cap: —
Volume 24h: $67,090
Volatility (ann.): 36%

Strategy PP Variable xStockSTRCX

$109.3600

24h: +0.39%
Market cap: $147.25M
Volume 24h: $583,111
Volatility (ann.): 51%

CRMB 0.0%Share of the two combined market caps100.0% STRCX

Performance

CRMBSTRCX

7 days-7.95%+5.41%STRCX
30 days-5.64%+3.05%STRCX

Correlation

0.11over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	CRMB	STRCX
Max drawdown (400d)	-14.4%	-7.5%
Risk-adjusted return (90d)	-0.27	0.16

Relative strength over 90 days: STRCX outperformed CRMB by 12.8% — measured on the CRMB/STRCX ratio, so it holds regardless of market direction.

Salesforce (bStocks Tokenized Stock) →Strategy PP Variable xStock →