SpaceX • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 11.5× the size of SpaceX • Robinhood Token (SPCX) by market capitalisation. Over the past 30 days, STRCX is ahead by 11.4 percentage points (SPCX -8.3% against STRCX +3.0%). Their daily returns move barely together (correlation 0.10 across 30 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against SPCX's 42%.

Correlation: 0.10
Size ratio: 1 : 11.5
Ahead over 30 days: STRCX

SpaceX • Robinhood TokenSPCX

$136.2000

24h: -0.92%
Market cap: $12.84M
Volume 24h: $23.27M
Volatility (ann.): 42%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.47%
Market cap: $147.21M
Volume 24h: $594,635
Volatility (ann.): 51%

SPCX 8.0%Share of the two combined market caps92.0% STRCX

Performance

SPCXSTRCX

7 days-7.61%+5.41%STRCX
30 days-8.32%+3.05%STRCX

Correlation

0.10over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	SPCX	STRCX
Max drawdown (400d)	-11.3%	-7.5%
Risk-adjusted return (90d)	-0.05	0.16

Relative strength over 90 days: STRCX outperformed SPCX by 6.5% — measured on the SPCX/STRCX ratio, so it holds regardless of market direction.

SpaceX • Robinhood Token →Strategy PP Variable xStock →