Bending Spoons xStock vs MicroStrategy xStock

Bending Spoons xStock (BSPX) and MicroStrategy xStock (MSTRX) compared side by side. Over the past 30 days, MSTRX is ahead by 23.3 percentage points (BSPX -18.6% against MSTRX +4.7%). Their daily returns move barely in opposite directions (correlation -0.15 across 33 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against BSPX's 82%.

Correlation: -0.15
Ahead over 30 days: MSTRX

Bending Spoons xStockBSPX

$42.9800

24h: -6.73%
Market cap: —
Volume 24h: $28,581
Volatility (ann.): 82%

MicroStrategy xStockMSTRX

$136.1500

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

BSPX 0.0%Share of the two combined market caps100.0% MSTRX

Performance

BSPXMSTRX

7 days-16.09%-3.45%MSTRX
30 days-18.63%+4.70%MSTRX

Correlation

-0.15over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	BSPX	MSTRX
Max drawdown (400d)	-29.6%	-18.3%
Risk-adjusted return (90d)	-0.20	0.30

Relative strength over 90 days: MSTRX outperformed BSPX by 45.9% — measured on the BSPX/MSTRX ratio, so it holds regardless of market direction.

Bending Spoons xStock →MicroStrategy xStock →