Broadcom • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 391.8× the size of Broadcom • Robinhood Token (AVGO) by market capitalisation. Over the past 30 days, MSTRX is ahead by 20.6 percentage points (AVGO -9.8% against MSTRX +10.9%). Their daily returns move barely in opposite directions (correlation -0.15 across 30 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against AVGO's 34%.

Correlation: -0.15
Size ratio: 1 : 391.8
Ahead over 30 days: MSTRX

Broadcom • Robinhood TokenAVGO

$322.4700

24h: -1.03%
Market cap: $317,509
Volume 24h: $156,438
Volatility (ann.): 34%

MicroStrategy xStockMSTRX

$128.6000

24h: -11.08%
Market cap: $124.41M
Volume 24h: $4.29M
Volatility (ann.): 101%

AVGO 0.3%Share of the two combined market caps99.7% MSTRX

Performance

AVGOMSTRX

7 days-5.15%+0.26%MSTRX
30 days-9.76%+10.88%MSTRX

Correlation

-0.15over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	AVGO	MSTRX
Max drawdown (400d)	-12.8%	-18.3%
Risk-adjusted return (90d)	-0.36	0.38

Relative strength over 90 days: MSTRX outperformed AVGO by 23.9% — measured on the AVGO/MSTRX ratio, so it holds regardless of market direction.

Broadcom • Robinhood Token →MicroStrategy xStock →