Snowflake Inc. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1645.8× the size of Snowflake Inc. • Robinhood Token (SNOW) by market capitalisation. Over the past 30 days, STRCX is ahead by 16.7 percentage points (SNOW -13.1% against STRCX +3.6%). Their daily returns move barely together (correlation 0.11 across 28 shared trading days). SNOW has been the more volatile of the two, at 76% annualised against STRCX's 51%.

Correlation: 0.11
Size ratio: 1 : 1645.8
Ahead over 30 days: STRCX

Snowflake Inc. • Robinhood TokenSNOW

$290.9400

24h: +1.90%
Market cap: $86,148
Volume 24h: $9,322
Volatility (ann.): 76%

Strategy PP Variable xStockSTRCX

$109.3900

24h: +0.06%
Market cap: $141.78M
Volume 24h: $406,697
Volatility (ann.): 51%

SNOW 0.1%Share of the two combined market caps99.9% STRCX

Performance

SNOWSTRCX

7 days-14.40%+0.05%STRCX
30 days-13.10%+3.64%STRCX

Correlation

0.11over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	SNOW	STRCX
Max drawdown (400d)	-18.9%	-7.5%
Risk-adjusted return (90d)	-0.19	0.16

Relative strength over 90 days: STRCX outperformed SNOW by 19.5% — measured on the SNOW/STRCX ratio, so it holds regardless of market direction.

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