Snap Inc. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 639.0× the size of Snap Inc. • Robinhood Token (SNAP) by market capitalisation. Over the past 30 days, STRCX is ahead by 2.3 percentage points (SNAP +0.7% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.19 across 27 shared trading days). SNAP has been the more volatile of the two, at 103% annualised against STRCX's 51%.

Correlation: -0.19
Size ratio: 1 : 639.0
Ahead over 30 days: STRCX

Snap Inc. • Robinhood TokenSNAP

$5.4900

24h: +0.85%
Market cap: $230,388
Volume 24h: $66,431
Volatility (ann.): 103%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.18%
Market cap: $147.22M
Volume 24h: $596,482
Volatility (ann.): 51%

SNAP 0.2%Share of the two combined market caps99.8% STRCX

Performance

SNAPSTRCX

7 days+2.63%+5.41%STRCX
30 days+0.74%+3.05%STRCX

Correlation

-0.19over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1990d: 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	SNAP	STRCX
Max drawdown (400d)	-20.5%	-7.5%
Risk-adjusted return (90d)	-0.04	0.16

Relative strength over 90 days: STRCX outperformed SNAP by 8.2% — measured on the SNAP/STRCX ratio, so it holds regardless of market direction.

Snap Inc. • Robinhood Token →Strategy PP Variable xStock →