Arm Holdings plc (Ondo Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 55.2× the size of Arm Holdings plc (Ondo Tokenized Stock) (ARMON) by market capitalisation. Over the past 30 days, MSTRX is ahead by 23.8 percentage points (ARMON -19.1% against MSTRX +4.7%). Their daily returns move closely together (correlation 0.66 across 29 shared trading days). ARMON has been the more volatile of the two, at 125% annualised against MSTRX's 101%.

Correlation: 0.66
Size ratio: 1 : 55.2
Ahead over 30 days: MSTRX

Arm Holdings plc (Ondo Tokenized Stock)ARMON

$199.2500

24h: -0.47%
Market cap: $2.40M
Volume 24h: $849,289
Volatility (ann.): 125%

MicroStrategy xStockMSTRX

$139.6400

24h: +3.92%
Market cap: $132.66M
Volume 24h: $3.52M
Volatility (ann.): 101%

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

Performance

ARMONMSTRX

7 days-35.35%-3.45%MSTRX
30 days-19.14%+4.70%MSTRX

Correlation

0.66over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6690d: 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	ARMON	MSTRX
Max drawdown (400d)	-39.0%	-18.3%
Risk-adjusted return (90d)	-0.12	0.30

Relative strength over 90 days: MSTRX outperformed ARMON by 18.5% — measured on the ARMON/MSTRX ratio, so it holds regardless of market direction.

Arm Holdings plc (Ondo Tokenized Stock) →MicroStrategy xStock →