SoundHound AI (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 11242.8× the size of SoundHound AI (Ondo Tokenized) (SOUNON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.00 across 35 shared trading days). SOUNON has been the more volatile of the two, at 80% annualised against STRCX's 51%.

Correlation: -0.00
Size ratio: 1 : 11242.8

SoundHound AI (Ondo Tokenized)SOUNON

$4.3700

24h: +6.68%
Market cap: $12,038
Volume 24h: $148,110
Volatility (ann.): 80%

Strategy PP Variable xStockSTRCX

$109.1100

24h: -0.45%
Market cap: $135.34M
Volume 24h: $2.06M
Volatility (ann.): 51%

SOUNON 0.0%Share of the two combined market caps100.0% STRCX

Performance

SOUNONSTRCX

7 days-2.05%+0.05%STRCX
30 days-14.87%+3.64%STRCX
90 days-6.18%——

Correlation

-0.00over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	SOUNON	STRCX
Max drawdown (400d)	-48.4%	-7.5%
Risk-adjusted return (90d)	-0.08	0.16

Relative strength over 90 days: STRCX outperformed SOUNON by 18.8% — measured on the SOUNON/STRCX ratio, so it holds regardless of market direction.

SoundHound AI (Ondo Tokenized) →Strategy PP Variable xStock →