Alibaba • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 84.2× the size of Alibaba • Robinhood Token (BABA) by market capitalisation. Over the past 30 days, MSTRX is ahead by 13.8 percentage points (BABA -9.1% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.07 across 28 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against BABA's 37%.

Correlation: 0.07
Size ratio: 1 : 84.2
Ahead over 30 days: MSTRX

Alibaba • Robinhood TokenBABA

$99.6600

24h: -3.54%
Market cap: $1.55M
Volume 24h: $468,931
Volatility (ann.): 37%

MicroStrategy xStockMSTRX

$137.1000

24h: +6.08%
Market cap: $130.64M
Volume 24h: $2.72M
Volatility (ann.): 101%

BABA 1.2%Share of the two combined market caps98.8% MSTRX

Performance

BABAMSTRX

7 days-5.45%-3.45%MSTRX
30 days-9.05%+4.70%MSTRX

Correlation

0.07over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	BABA	MSTRX
Max drawdown (400d)	-16.0%	-18.3%
Risk-adjusted return (90d)	-0.26	0.30

Relative strength over 90 days: MSTRX outperformed BABA by 14.0% — measured on the BABA/MSTRX ratio, so it holds regardless of market direction.

Alibaba • Robinhood Token →MicroStrategy xStock →