Circle Internet Group Tokenized Stock (Reality) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 10.0× the size of Circle Internet Group Tokenized Stock (Reality) (RCRCL) by market capitalisation. Over the past 30 days, MSTRX is ahead by 13.5 percentage points (RCRCL -8.8% against MSTRX +4.7%). Their daily returns move closely together (correlation 0.75 across 20 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against RCRCL's 58%.

Correlation: 0.75
Size ratio: 1 : 10.0
Ahead over 30 days: MSTRX

Circle Internet Group Tokenized Stock (Reality)RCRCL

$73.5900

24h: +2.07%
Market cap: $13.72M
Volume 24h: $1.76M
Volatility (ann.): 58%

MicroStrategy xStockMSTRX

$143.4100

24h: +4.90%
Market cap: $137.10M
Volume 24h: $3.81M
Volatility (ann.): 101%

RCRCL 9.1%Share of the two combined market caps90.9% MSTRX

Performance

RCRCLMSTRX

7 days-7.23%-3.45%MSTRX
30 days-8.79%+4.70%MSTRX

Correlation

0.75over 20 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	RCRCL	MSTRX
Max drawdown (400d)	-19.1%	-18.3%
Risk-adjusted return (90d)	-0.16	0.30

Relative strength over 90 days: MSTRX outperformed RCRCL by 0.9% — measured on the RCRCL/MSTRX ratio, so it holds regardless of market direction.

Circle Internet Group Tokenized Stock (Reality) →MicroStrategy xStock →