Vida Global xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 697.2× the size of Vida Global xStock (VIDAX) by market capitalisation. Over the past 30 days, STRCX is ahead by 35.5 percentage points (VIDAX -31.8% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.17 across 20 shared trading days). VIDAX has been the more volatile of the two, at 127% annualised against STRCX's 51%.

Correlation: -0.17
Size ratio: 1 : 697.2
Ahead over 30 days: STRCX

Vida Global xStockVIDAX

$0.871316

24h: -4.43%
Market cap: $204,025
Volume 24h: $5,035
Volatility (ann.): 127%

Strategy PP Variable xStockSTRCX

$109.7500

24h: +0.05%
Market cap: $142.24M
Volume 24h: $498,321
Volatility (ann.): 51%

VIDAX 0.1%Share of the two combined market caps99.9% STRCX

Performance

VIDAXSTRCX

7 days-2.34%+0.05%STRCX
30 days-31.84%+3.64%STRCX

Correlation

-0.17over 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	VIDAX	STRCX
Max drawdown (400d)	-35.9%	-7.5%
Risk-adjusted return (90d)	-0.25	0.16

Relative strength over 90 days: STRCX outperformed VIDAX by 36.0% — measured on the VIDAX/STRCX ratio, so it holds regardless of market direction.

Vida Global xStock →Strategy PP Variable xStock →