Caterpillar (Ondo Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 5391.4× the size of Caterpillar (Ondo Tokenized Stock) (CATON) by market capitalisation. Over the past 30 days, MSTRX is ahead by 6.7 percentage points (CATON +4.2% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.14 across 22 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against CATON's 25%.

Correlation: 0.14
Size ratio: 1 : 5391.4
Ahead over 30 days: MSTRX

Caterpillar (Ondo Tokenized Stock)CATON

$594.9800

24h: -4.27%
Market cap: $23,369
Volume 24h: $143,220
Volatility (ann.): 25%

MicroStrategy xStockMSTRX

$129.9700

24h: -9.88%
Market cap: $125.99M
Volume 24h: $5.12M
Volatility (ann.): 101%

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

Performance

CATONMSTRX

7 days+1.11%+0.26%CATON
30 days+4.15%+10.88%MSTRX

Correlation

0.14over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	CATON	MSTRX
Max drawdown (400d)	-4.8%	-18.3%
Risk-adjusted return (90d)	0.16	0.38

Relative strength over 90 days: MSTRX outperformed CATON by 16.8% — measured on the CATON/MSTRX ratio, so it holds regardless of market direction.

Caterpillar (Ondo Tokenized Stock) →MicroStrategy xStock →