Uber xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 208.8× the size of Uber xStock (UBERX) by market capitalisation. Over the past 30 days, STRCX is ahead by 18.2 percentage points (UBERX -15.1% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.06 across 24 shared trading days). UBERX has been the more volatile of the two, at 826% annualised against STRCX's 51%.

Correlation: -0.06
Size ratio: 1 : 208.8
Ahead over 30 days: STRCX

Uber xStockUBERX

$66.5200

24h: +1.15%
Market cap: $704,868
Volume 24h: $546
Volatility (ann.): 826%

Strategy PP Variable xStockSTRCX

$109.3200

24h: +0.41%
Market cap: $147.20M
Volume 24h: $593,124
Volatility (ann.): 51%

UBERX 0.5%Share of the two combined market caps99.5% STRCX

Performance

UBERXSTRCX

7 days-8.17%+5.41%STRCX
30 days-15.11%+3.05%STRCX

Correlation

-0.06over 24 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	UBERX	STRCX
Max drawdown (400d)	-66.4%	-7.5%
Risk-adjusted return (90d)	-0.02	0.16

Relative strength over 90 days: STRCX outperformed UBERX by 19.4% — measured on the UBERX/STRCX ratio, so it holds regardless of market direction.

Uber xStock →Strategy PP Variable xStock →