Tootsie Roll Industries (ST0x Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 6348.7× the size of Tootsie Roll Industries (ST0x Tokenized Stock) (WTTR) by market capitalisation. Over the past 30 days, STRCX is ahead by 1.4 percentage points (WTTR +2.2% against STRCX +3.6%). Their daily returns move barely together (correlation 0.26 across 21 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against WTTR's 33%.

Correlation: 0.26
Size ratio: 1 : 6348.7
Ahead over 30 days: STRCX

Tootsie Roll Industries (ST0x Tokenized Stock)WTTR

$38.8000

24h: +1.78%
Market cap: $21,266
Volume 24h: $1,298
Volatility (ann.): 33%

Strategy PP Variable xStockSTRCX

$109.1000

24h: -0.73%
Market cap: $135.01M
Volume 24h: $2.48M
Volatility (ann.): 51%

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

Performance

WTTRSTRCX

7 days+9.69%+0.05%WTTR
30 days+2.24%+3.64%STRCX

Correlation

0.26over 21 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	WTTR	STRCX
Max drawdown (400d)	-11.4%	-7.5%
Risk-adjusted return (90d)	0.10	0.16

Relative strength over 90 days: WTTR outperformed STRCX by 1.6% — measured on the WTTR/STRCX ratio, so it holds regardless of market direction.

Tootsie Roll Industries (ST0x Tokenized Stock) →Strategy PP Variable xStock →