Apple (Coinbase Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 53.7× the size of Apple (Coinbase Tokenized Stock) (AAPLC) by market capitalisation. Over the past 30 days, AAPLC is ahead by 0.0 percentage points (AAPLC +4.7% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.09 across 33 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against AAPLC's 24%.

Correlation: 0.09
Size ratio: 1 : 53.7
Ahead over 30 days: AAPLC

Apple (Coinbase Tokenized Stock)AAPLC

$327.7500

24h: -0.29%
Market cap: $2.41M
Volume 24h: $5.13M
Volatility (ann.): 24%

MicroStrategy xStockMSTRX

$136.1500

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

AAPLC 1.8%Share of the two combined market caps98.2% MSTRX

Performance

AAPLCMSTRX

7 days-4.64%-3.45%MSTRX
30 days+4.72%+4.70%AAPLC

Correlation

0.09over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	AAPLC	MSTRX
Max drawdown (400d)	-5.4%	-18.3%
Risk-adjusted return (90d)	0.13	0.30

Relative strength over 90 days: MSTRX outperformed AAPLC by 0.8% — measured on the AAPLC/MSTRX ratio, so it holds regardless of market direction.

Apple (Coinbase Tokenized Stock) →MicroStrategy xStock →