Amazon • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 48.5× the size of Amazon • Robinhood Token (AMZN) by market capitalisation. Over the past 30 days, MSTRX is ahead by 7.7 percentage points (AMZN -3.0% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.15 across 32 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against AMZN's 41%.

Correlation: 0.15
Size ratio: 1 : 48.5
Ahead over 30 days: MSTRX

Amazon • Robinhood TokenAMZN

$246.7000

24h: +0.02%
Market cap: $2.82M
Volume 24h: $1.09M
Volatility (ann.): 41%

MicroStrategy xStockMSTRX

$143.3400

24h: +3.64%
Market cap: $136.90M
Volume 24h: $3.74M
Volatility (ann.): 101%

AMZN 2.0%Share of the two combined market caps98.0% MSTRX

Performance

AMZNMSTRX

7 days+0.25%-3.45%AMZN
30 days-3.04%+4.70%MSTRX

Correlation

0.15over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	AMZN	MSTRX
Max drawdown (400d)	-15.4%	-18.3%
Risk-adjusted return (90d)	-0.15	0.30

Relative strength over 90 days: MSTRX outperformed AMZN by 9.7% — measured on the AMZN/MSTRX ratio, so it holds regardless of market direction.

Amazon • Robinhood Token →MicroStrategy xStock →