SpaceX (ST0x Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 12612.9× the size of SpaceX (ST0x Tokenized Stock) (WTSPCX) by market capitalisation. Over the past 30 days, STRCX is ahead by 24.4 percentage points (WTSPCX -20.8% against STRCX +3.6%). Their daily returns move barely together (correlation 0.06 across 23 shared trading days). WTSPCX has been the more volatile of the two, at 79% annualised against STRCX's 51%.

Correlation: 0.06
Size ratio: 1 : 12612.9
Ahead over 30 days: STRCX

SpaceX (ST0x Tokenized Stock)WTSPCX

$134.3200

24h: -2.02%
Market cap: $10,730
Volume 24h: $508
Volatility (ann.): 79%

Strategy PP Variable xStockSTRCX

$109.1100

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

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

Performance

WTSPCXSTRCX

7 days-6.13%+0.05%STRCX
30 days-20.77%+3.64%STRCX

Correlation

0.06over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	WTSPCX	STRCX
Max drawdown (400d)	-21.3%	-7.5%
Risk-adjusted return (90d)	-0.12	0.16

Relative strength over 90 days: STRCX outperformed WTSPCX by 14.6% — measured on the WTSPCX/STRCX ratio, so it holds regardless of market direction.

SpaceX (ST0x Tokenized Stock) →Strategy PP Variable xStock →