Sandisk Corporation xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 6.6× the size of Sandisk Corporation xStock (SNDKX) by market capitalisation. Over the past 30 days, SNDKX is ahead by 12.0 percentage points (SNDKX +15.6% against STRCX +3.6%). Their daily returns move loosely in opposite directions (correlation -0.42 across 22 shared trading days). SNDKX has been the more volatile of the two, at 76% annualised against STRCX's 51%.

Correlation: -0.42
Size ratio: 1 : 6.6
Ahead over 30 days: SNDKX

Sandisk Corporation xStockSNDKX

$1,100.95

24h: +0.39%
Market cap: $21.61M
Volume 24h: $338,844
Volatility (ann.): 76%

Strategy PP Variable xStockSTRCX

$109.7300

24h: +0.18%
Market cap: $142.18M
Volume 24h: $501,905
Volatility (ann.): 51%

SNDKX 13.2%Share of the two combined market caps86.8% STRCX

Performance

SNDKXSTRCX

7 days-3.09%+0.05%STRCX
30 days+15.62%+3.64%SNDKX

Correlation

-0.42over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SNDKX	STRCX
Max drawdown (400d)	-13.8%	-7.5%
Risk-adjusted return (90d)	0.21	0.16

Relative strength over 90 days: SNDKX outperformed STRCX by 11.9% — measured on the SNDKX/STRCX ratio, so it holds regardless of market direction.

Sandisk Corporation xStock →Strategy PP Variable xStock →