Strategy PP Variable xStock (STRCX) is 348.2× the size of Vistra (Ondo Tokenized) (VSTON) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 36 shared trading days). Both have run at a similar volatility, around 47% annualised.
$119.9000
$109.7300
VSTONSTRCX
0.01over 36 shared trading days
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.
| Metric | VSTON | STRCX |
|---|---|---|
| Max drawdown (400d) | -18.8% | -7.5% |
| Risk-adjusted return (90d) | -0.12 | 0.16 |
Relative strength over 90 days: STRCX outperformed VSTON by 3.5% — measured on the VSTON/STRCX ratio, so it holds regardless of market direction.