Alphabet Class A • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 17.0× the size of Alphabet Class A • Robinhood Token (GOOGL) by market capitalisation. Over the past 30 days, MSTRX is ahead by 22.6 percentage points (GOOGL -17.9% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.40 across 32 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against GOOGL's 51%.

Correlation: 0.40
Size ratio: 1 : 17.0
Ahead over 30 days: MSTRX

Alphabet Class A • Robinhood TokenGOOGL

$276.2300

24h: -1.57%
Market cap: $7.59M
Volume 24h: $4.57M
Volatility (ann.): 51%

MicroStrategy xStockMSTRX

$136.1500

24h: +2.03%
Market cap: $129.34M
Volume 24h: $2.95M
Volatility (ann.): 101%

GOOGL 5.5%Share of the two combined market caps94.5% MSTRX

Performance

GOOGLMSTRX

7 days-18.19%-3.45%MSTRX
30 days-17.94%+4.70%MSTRX

Correlation

0.40over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	GOOGL	MSTRX
Max drawdown (400d)	-21.4%	-18.3%
Risk-adjusted return (90d)	-0.38	0.30

Relative strength over 90 days: MSTRX outperformed GOOGL by 23.9% — measured on the GOOGL/MSTRX ratio, so it holds regardless of market direction.

Alphabet Class A • Robinhood Token →MicroStrategy xStock →