Wendy's (ST0x Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 11883.4× the size of Wendy's (ST0x Tokenized Stock) (WTWEN) by market capitalisation. Over the past 30 days, WTWEN is ahead by 26.8 percentage points (WTWEN +29.6% against STRCX +2.8%). Their daily returns move loosely together (correlation 0.36 across 22 shared trading days). WTWEN has been the more volatile of the two, at 79% annualised against STRCX's 50%.

Correlation: 0.36
Size ratio: 1 : 11883.4
Ahead over 30 days: WTWEN

Wendy's (ST0x Tokenized Stock)WTWEN

$7.9700

24h: +5.62%
Market cap: $11,397
Volume 24h: $4,210
Volatility (ann.): 79%

Strategy PP Variable xStockSTRCX

$109.3600

24h: -0.01%
Market cap: $135.43M
Volume 24h: $2.55M
Volatility (ann.): 50%

WTWEN 0.0%Share of the two combined market caps100.0% STRCX

Performance

WTWENSTRCX

7 days+11.62%-0.16%WTWEN
30 days+29.59%+2.84%WTWEN

Correlation

0.36over 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	WTWEN	STRCX
Max drawdown (400d)	-9.3%	-7.5%
Risk-adjusted return (90d)	0.35	0.15

Relative strength over 90 days: WTWEN outperformed STRCX by 26.8% — measured on the WTWEN/STRCX ratio, so it holds regardless of market direction.

Wendy's (ST0x Tokenized Stock) →Strategy PP Variable xStock →