Wells Fargo (Ondo Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 112.8× the size of Wells Fargo (Ondo Tokenized Stock) (WFCON) by market capitalisation. Over the past 30 days, STRCX is ahead by 4.7 percentage points (WFCON -1.7% against STRCX +3.0%). Their daily returns move barely together (correlation 0.03 across 22 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against WFCON's 35%.

Correlation: 0.03
Size ratio: 1 : 112.8
Ahead over 30 days: STRCX

Wells Fargo (Ondo Tokenized Stock)WFCON

$86.8400

24h: -1.13%
Market cap: $1.31M
Volume 24h: $5
Volatility (ann.): 35%

Strategy PP Variable xStockSTRCX

$109.4600

24h: +3.29%
Market cap: $147.39M
Volume 24h: $593,595
Volatility (ann.): 51%

WFCON 0.9%Share of the two combined market caps99.1% STRCX

Performance

WFCONSTRCX

7 days+3.87%+5.41%STRCX
30 days-1.66%+3.05%STRCX

Correlation

0.03over 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	WFCON	STRCX
Max drawdown (400d)	-10.8%	-7.5%
Risk-adjusted return (90d)	-0.05	0.16

Relative strength over 90 days: STRCX outperformed WFCON by 5.3% — measured on the WFCON/STRCX ratio, so it holds regardless of market direction.

Wells Fargo (Ondo Tokenized Stock) →Strategy PP Variable xStock →