Visa (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 64.0× the size of Visa (Ondo Tokenized Stock) (VON) by market capitalisation. Over the past 30 days, STRCX is ahead by 6.8 percentage points (VON -3.8% against STRCX +3.0%). Their daily returns move barely together (correlation 0.06 across 22 shared trading days). Both have run at a similar volatility, around 54% annualised.

Correlation: 0.06
Size ratio: 1 : 64.0
Ahead over 30 days: STRCX

Visa (Ondo Tokenized Stock)VON

$421.6900

24h: -1.30%
Market cap: $2.30M
Volume 24h: $1,517
Volatility (ann.): 56%

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.47%
Market cap: $147.21M
Volume 24h: $594,635
Volatility (ann.): 51%

VON 1.5%Share of the two combined market caps98.5% STRCX

Performance

VONSTRCX

7 days+1.92%+5.41%STRCX
30 days-3.78%+3.05%STRCX

Correlation

0.06over 22 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	VON	STRCX
Max drawdown (400d)	-13.1%	-7.5%
Risk-adjusted return (90d)	-0.07	0.16

Relative strength over 90 days: STRCX outperformed VON by 5.0% — measured on the VON/STRCX ratio, so it holds regardless of market direction.

Visa (Ondo Tokenized Stock) →Strategy PP Variable xStock →