Alphabet xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 2.0× the size of Alphabet xStock (GOOGLX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 22.3 percentage points (GOOGLX -17.6% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.11 across 49 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against GOOGLX's 33%.

Correlation: 0.11
Size ratio: 1 : 2.0
Ahead over 30 days: MSTRX

Alphabet xStockGOOGLX

$282.8300

24h: +1.18%
Market cap: $64.22M
Volume 24h: $4.64M
Volatility (ann.): 33%

MicroStrategy xStockMSTRX

$137.4900

24h: +4.92%
Market cap: $131.05M
Volume 24h: $2.75M
Volatility (ann.): 101%

GOOGLX 32.9%Share of the two combined market caps67.1% MSTRX

Performance

GOOGLXMSTRX

7 days-12.83%-3.45%MSTRX
30 days-17.61%+4.70%MSTRX

Correlation

0.11over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	GOOGLX	MSTRX
Max drawdown (400d)	-20.1%	-18.3%
Risk-adjusted return (90d)	-0.55	0.30

Relative strength over 90 days: MSTRX outperformed GOOGLX by 27.9% — measured on the GOOGLX/MSTRX ratio, so it holds regardless of market direction.

Alphabet xStock →MicroStrategy xStock →