Apple • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 31.5× the size of Apple • Robinhood Token (AAPL) by market capitalisation. Over the past 30 days, MSTRX is ahead by 1.9 percentage points (AAPL +2.8% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.07 across 33 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against AAPL's 23%.

Correlation: 0.07
Size ratio: 1 : 31.5
Ahead over 30 days: MSTRX

Apple • Robinhood TokenAAPL

$328.0500

24h: -0.19%
Market cap: $4.10M
Volume 24h: $12.30M
Volatility (ann.): 23%

MicroStrategy xStockMSTRX

$136.1500

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

AAPL 3.1%Share of the two combined market caps96.9% MSTRX

Performance

AAPLMSTRX

7 days-4.57%-3.45%MSTRX
30 days+2.77%+4.70%MSTRX

Correlation

0.07over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	AAPL	MSTRX
Max drawdown (400d)	-4.8%	-18.3%
Risk-adjusted return (90d)	0.14	0.30

Relative strength over 90 days: MSTRX outperformed AAPL by 2.3% — measured on the AAPL/MSTRX ratio, so it holds regardless of market direction.

Apple • Robinhood Token →MicroStrategy xStock →