SK Hynix • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 83.9× the size of SK Hynix • Robinhood Token (SKYHY) by market capitalisation. Over the past 30 days, STRCX is ahead by 20.9 percentage points (SKYHY -17.9% against STRCX +3.0%). Their daily returns move barely together (correlation 0.02 across 29 shared trading days). SKYHY has been the more volatile of the two, at 98% annualised against STRCX's 51%.

Correlation: 0.02
Size ratio: 1 : 83.9
Ahead over 30 days: STRCX

SK Hynix • Robinhood TokenSKYHY

$145.3900

24h: -2.88%
Market cap: $1.76M
Volume 24h: $4.59M
Volatility (ann.): 98%

Strategy PP Variable xStockSTRCX

$109.4400

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

SKYHY 1.2%Share of the two combined market caps98.8% STRCX

Performance

SKYHYSTRCX

7 days+4.49%+5.41%STRCX
30 days-17.89%+3.05%STRCX

Correlation

0.02over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	SKYHY	STRCX
Max drawdown (400d)	-26.7%	-7.5%
Risk-adjusted return (90d)	-0.08	0.16

Relative strength over 90 days: STRCX outperformed SKYHY by 12.0% — measured on the SKYHY/STRCX ratio, so it holds regardless of market direction.

SK Hynix • Robinhood Token →Strategy PP Variable xStock →