Strategy Inc. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 20.2× the size of Strategy Inc. • Robinhood Token (MSTR) by market capitalisation. Over the past 30 days, STRCX is ahead by 7.8 percentage points (MSTR -4.7% against STRCX +3.0%). Their daily returns move barely together (correlation 0.03 across 27 shared trading days). MSTR has been the more volatile of the two, at 181% annualised against STRCX's 51%.

Correlation: 0.03
Size ratio: 1 : 20.2
Ahead over 30 days: STRCX

Strategy Inc. • Robinhood TokenMSTR

$132.4900

24h: +0.28%
Market cap: $7.28M
Volume 24h: $2.69M
Volatility (ann.): 181%

Strategy PP Variable xStockSTRCX

$109.4100

24h: +0.30%
Market cap: $147.32M
Volume 24h: $601,475
Volatility (ann.): 51%

MSTR 4.7%Share of the two combined market caps95.3% STRCX

Performance

MSTRSTRCX

7 days-15.72%+5.41%STRCX
30 days-4.74%+3.05%STRCX

Correlation

0.03over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	MSTR	STRCX
Max drawdown (400d)	-49.6%	-7.5%
Risk-adjusted return (90d)	-0.24	0.16

Relative strength over 90 days: STRCX outperformed MSTR by 45.6% — measured on the MSTR/STRCX ratio, so it holds regardless of market direction.

Strategy Inc. • Robinhood Token →Strategy PP Variable xStock →