USA Rare Earth (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 2190.8× the size of USA Rare Earth (Ondo Tokenized) (USARON) by market capitalisation. Over the past 30 days, STRCX is ahead by 22.1 percentage points (USARON -18.5% against STRCX +3.6%). Their daily returns move barely together (correlation 0.11 across 35 shared trading days). USARON has been the more volatile of the two, at 84% annualised against STRCX's 51%.

Correlation: 0.11
Size ratio: 1 : 2190.8
Ahead over 30 days: STRCX

USA Rare Earth (Ondo Tokenized)USARON

$8.1500

24h: -5.07%
Market cap: $64,507
Volume 24h: $142,195
Volatility (ann.): 84%

Strategy PP Variable xStockSTRCX

$109.0500

24h: -0.49%
Market cap: $141.32M
Volume 24h: $604,227
Volatility (ann.): 51%

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

Performance

USARONSTRCX

7 days-13.40%+0.05%STRCX
30 days-18.48%+3.64%STRCX

Correlation

0.11over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	USARON	STRCX
Max drawdown (400d)	-27.0%	-7.5%
Risk-adjusted return (90d)	-0.19	0.16

Relative strength over 90 days: STRCX outperformed USARON by 27.7% — measured on the USARON/STRCX ratio, so it holds regardless of market direction.

USA Rare Earth (Ondo Tokenized) →Strategy PP Variable xStock →