Western Digital (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 72.0× the size of Western Digital (bStocks Tokenized Stock) (WDCB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 57 shared trading days). WDCB has been the more volatile of the two, at 93% annualised against STRCX's 51%.

Correlation: -0.02
Size ratio: 1 : 72.0

Western Digital (bStocks Tokenized Stock)WDCB

$347.2500

24h: +0.01%
Market cap: $2.05M
Volume 24h: $256,345
Volatility (ann.): 93%

Strategy PP Variable xStockSTRCX

$109.3800

24h: +0.44%
Market cap: $147.25M
Volume 24h: $595,436
Volatility (ann.): 51%

WDCB 1.4%Share of the two combined market caps98.6% STRCX

Performance

WDCBSTRCX

7 days-7.59%+5.41%STRCX
30 days-17.00%+3.05%STRCX
90 days-24.05%——

Correlation

-0.02over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	WDCB	STRCX
Max drawdown (400d)	-46.0%	-7.5%
Risk-adjusted return (90d)	-0.34	0.16

Relative strength over 90 days: STRCX outperformed WDCB by 39.8% — measured on the WDCB/STRCX ratio, so it holds regardless of market direction.

Western Digital (bStocks Tokenized Stock) →Strategy PP Variable xStock →