Apple Tokenized Stock (Reality) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 264.6× the size of Apple Tokenized Stock (Reality) (RAAPL) by market capitalisation. Over the past 30 days, MSTRX is ahead by 0.1 percentage points (RAAPL +4.6% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.04 across 31 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against RAAPL's 29%.

Correlation: 0.04
Size ratio: 1 : 264.6
Ahead over 30 days: MSTRX

Apple Tokenized Stock (Reality)RAAPL

$327.5100

24h: -0.26%
Market cap: $522,824
Volume 24h: $2.01M
Volatility (ann.): 29%

MicroStrategy xStockMSTRX

$144.9100

24h: +5.36%
Market cap: $138.36M
Volume 24h: $3.84M
Volatility (ann.): 101%

RAAPL 0.4%Share of the two combined market caps99.6% MSTRX

Performance

RAAPLMSTRX

7 days-4.51%-3.45%MSTRX
30 days+4.60%+4.70%MSTRX

Correlation

0.04over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	RAAPL	MSTRX
Max drawdown (400d)	-5.5%	-18.3%
Risk-adjusted return (90d)	0.15	0.30

Relative strength over 90 days: RAAPL outperformed MSTRX by 1.8% — measured on the RAAPL/MSTRX ratio, so it holds regardless of market direction.

Apple Tokenized Stock (Reality) →MicroStrategy xStock →