SpaceX Tokenized Stock (Reality) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 9.0× the size of SpaceX Tokenized Stock (Reality) (RSPCX) by market capitalisation. Over the past 30 days, STRCX is ahead by 11.3 percentage points (RSPCX -8.3% against STRCX +3.0%). Their daily returns move barely together (correlation 0.01 across 33 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against RSPCX's 42%.

Correlation: 0.01
Size ratio: 1 : 9.0
Ahead over 30 days: STRCX

SpaceX Tokenized Stock (Reality)RSPCX

$136.0200

24h: -0.98%
Market cap: $16.38M
Volume 24h: $881,249
Volatility (ann.): 42%

Strategy PP Variable xStockSTRCX

$109.3200

24h: +0.41%
Market cap: $147.20M
Volume 24h: $593,124
Volatility (ann.): 51%

RSPCX 10.0%Share of the two combined market caps90.0% STRCX

Performance

RSPCXSTRCX

7 days-5.71%+5.41%STRCX
30 days-8.27%+3.05%STRCX

Correlation

0.01over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	RSPCX	STRCX
Max drawdown (400d)	-12.1%	-7.5%
Risk-adjusted return (90d)	0.02	0.16

Relative strength over 90 days: STRCX outperformed RSPCX by 4.0% — measured on the RSPCX/STRCX ratio, so it holds regardless of market direction.

SpaceX Tokenized Stock (Reality) →Strategy PP Variable xStock →