Vertex Pharmaceuticals (Ondo Tokenized) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 13411.8× the size of Vertex Pharmaceuticals (Ondo Tokenized) (VRTXON) by market capitalisation. Over the past 30 days, VRTXON is ahead by 1.0 percentage points (VRTXON +4.6% against STRCX +3.6%). Their daily returns move barely together (correlation 0.19 across 20 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against VRTXON's 42%.

Correlation: 0.19
Size ratio: 1 : 13411.8
Ahead over 30 days: VRTXON

Vertex Pharmaceuticals (Ondo Tokenized)VRTXON

$548.9800

24h: +4.19%
Market cap: $10,091
Volume 24h: $57
Volatility (ann.): 42%

Strategy PP Variable xStockSTRCX

$109.1100

24h: -0.45%
Market cap: $135.34M
Volume 24h: $2.06M
Volatility (ann.): 51%

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

Performance

VRTXONSTRCX

7 days+1.62%+0.05%VRTXON
30 days+4.65%+3.64%VRTXON

Correlation

0.19over 20 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	VRTXON	STRCX
Max drawdown (400d)	-5.8%	-7.5%
Risk-adjusted return (90d)	0.11	0.16

Relative strength over 90 days: VRTXON outperformed STRCX by 8.6% — measured on the VRTXON/STRCX ratio, so it holds regardless of market direction.

Vertex Pharmaceuticals (Ondo Tokenized) →Strategy PP Variable xStock →