Strategy PP Variable xStock (STRCX) is 58.0× the size of Walmart (Ondo Tokenized Stock) (WMTON) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 35 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against WMTON's 28%.
$125.2400
$109.5800
WMTONSTRCX
0.02over 35 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 | WMTON | STRCX |
|---|---|---|
| Max drawdown (400d) | -23.1% | -7.5% |
| Risk-adjusted return (90d) | -0.14 | 0.16 |
Relative strength over 90 days: STRCX outperformed WMTON by 10.5% — measured on the WMTON/STRCX ratio, so it holds regardless of market direction.