AXT (Ondo Tokenized) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 1219.8× the size of AXT (Ondo Tokenized) (AXTION) by market capitalisation. Over the past 30 days, AXTION is ahead by 16.5 percentage points (AXTION +27.4% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.13 across 35 shared trading days). AXTION has been the more volatile of the two, at 136% annualised against MSTRX's 101%.

Correlation: 0.13
Size ratio: 1 : 1219.8
Ahead over 30 days: AXTION

AXT (Ondo Tokenized)AXTION

$46.3100

24h: -6.98%
Market cap: $105,062
Volume 24h: $182,276
Volatility (ann.): 136%

MicroStrategy xStockMSTRX

$132.6700

24h: -5.18%
Market cap: $128.16M
Volume 24h: $3.08M
Volatility (ann.): 101%

AXTION 0.1%Share of the two combined market caps99.9% MSTRX

Performance

AXTIONMSTRX

7 days-6.84%+0.26%MSTRX
30 days+27.42%+10.88%AXTION

Correlation

0.13over 35 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	AXTION	MSTRX
Max drawdown (400d)	-41.8%	-18.3%
Risk-adjusted return (90d)	-0.01	0.38

Relative strength over 90 days: MSTRX outperformed AXTION by 33.4% — measured on the AXTION/MSTRX ratio, so it holds regardless of market direction.

AXT (Ondo Tokenized) →MicroStrategy xStock →