Tesla • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 32.6× the size of Tesla • Robinhood Token (TSLA) by market capitalisation. Over the past 30 days, TSLA is ahead by 10.5 percentage points (TSLA +13.6% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.16 across 30 shared trading days). Both have run at a similar volatility, around 50% annualised.

Correlation: -0.16
Size ratio: 1 : 32.6
Ahead over 30 days: TSLA

Tesla • Robinhood TokenTSLA

$386.7700

24h: -4.33%
Market cap: $4.51M
Volume 24h: $3.07M
Volatility (ann.): 50%

Strategy PP Variable xStockSTRCX

$109.3300

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

TSLA 3.0%Share of the two combined market caps97.0% STRCX

Performance

TSLASTRCX

7 days+9.95%+5.41%TSLA
30 days+13.58%+3.05%TSLA

Correlation

-0.16over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	TSLA	STRCX
Max drawdown (400d)	-6.4%	-7.5%
Risk-adjusted return (90d)	0.32	0.16

Relative strength over 90 days: TSLA outperformed STRCX by 10.7% — measured on the TSLA/STRCX ratio, so it holds regardless of market direction.

Tesla • Robinhood Token →Strategy PP Variable xStock →