Super Micro Computer • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 9942.9× the size of Super Micro Computer • Robinhood Token (SMCI) by market capitalisation. Over the past 30 days, STRCX is ahead by 40.5 percentage points (SMCI -37.7% against STRCX +2.8%). Their daily returns move barely together (correlation 0.23 across 22 shared trading days). SMCI has been the more volatile of the two, at 81% annualised against STRCX's 50%.

Correlation: 0.23
Size ratio: 1 : 9942.9
Ahead over 30 days: STRCX

Super Micro Computer • Robinhood TokenSMCI

$26.9100

24h: -7.42%
Market cap: $13,618
Volume 24h: $3,371
Volatility (ann.): 81%

Strategy PP Variable xStockSTRCX

$109.3400

24h: -0.05%
Market cap: $135.40M
Volume 24h: $2.54M
Volatility (ann.): 50%

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

Performance

SMCISTRCX

7 days-22.82%-0.16%STRCX
30 days-37.69%+2.84%STRCX

Correlation

0.23over 22 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	SMCI	STRCX
Max drawdown (400d)	-38.1%	-7.5%
Risk-adjusted return (90d)	-0.42	0.15

Relative strength over 90 days: STRCX outperformed SMCI by 30.7% — measured on the SMCI/STRCX ratio, so it holds regardless of market direction.

Super Micro Computer • Robinhood Token →Strategy PP Variable xStock →