SoFi Technologies (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 11.7× the size of SoFi Technologies (Ondo Tokenized Stock) (SOFION) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 43 shared trading days). SOFION has been the more volatile of the two, at 60% annualised against STRCX's 51%.

Correlation: 0.20
Size ratio: 1 : 11.7

SoFi Technologies (Ondo Tokenized Stock)SOFION

$16.4900

24h: -1.08%
Market cap: $12.39M
Volume 24h: $235,455
Volatility (ann.): 60%

Strategy PP Variable xStockSTRCX

$109.5800

24h: +2.88%
Market cap: $145.22M
Volume 24h: $555,974
Volatility (ann.): 51%

SOFION 7.9%Share of the two combined market caps92.1% STRCX

Performance

SOFIONSTRCX

7 days+15.28%+5.41%SOFION
30 days-7.25%+3.05%STRCX
90 days-4.99%——

Correlation

0.20over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	SOFION	STRCX
Max drawdown (400d)	-45.1%	-7.5%
Risk-adjusted return (90d)	-0.08	0.16

Relative strength over 90 days: STRCX outperformed SOFION by 15.3% — measured on the SOFION/STRCX ratio, so it holds regardless of market direction.

SoFi Technologies (Ondo Tokenized Stock) →Strategy PP Variable xStock →