TeraWulf Inc. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 8443.8× the size of TeraWulf Inc. • Robinhood Token (WULF) by market capitalisation. Over the past 30 days, STRCX is ahead by 26.5 percentage points (WULF -22.9% against STRCX +3.6%). Their daily returns move barely together (correlation 0.34 across 23 shared trading days). WULF has been the more volatile of the two, at 108% annualised against STRCX's 51%.

Correlation: 0.34
Size ratio: 1 : 8443.8
Ahead over 30 days: STRCX

TeraWulf Inc. • Robinhood TokenWULF

$11.6400

24h: -1.74%
Market cap: $15,981
Volume 24h: $9,632
Volatility (ann.): 108%

Strategy PP Variable xStockSTRCX

$109.0700

24h: -0.52%
Market cap: $134.94M
Volume 24h: $2.50M
Volatility (ann.): 51%

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

Performance

WULFSTRCX

7 days-11.40%+0.05%STRCX
30 days-22.89%+3.64%STRCX

Correlation

0.34over 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	WULF	STRCX
Max drawdown (400d)	-28.6%	-7.5%
Risk-adjusted return (90d)	-0.18	0.16

Relative strength over 90 days: STRCX outperformed WULF by 9.9% — measured on the WULF/STRCX ratio, so it holds regardless of market direction.

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