Cloudflare, Inc. • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 912.9× the size of Cloudflare, Inc. • Robinhood Token (NET) by market capitalisation. Over the past 30 days, MSTRX is ahead by 26.2 percentage points (NET -15.3% against MSTRX +10.9%). Their daily returns move loosely together (correlation 0.54 across 30 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against NET's 74%.

Correlation: 0.54
Size ratio: 1 : 912.9
Ahead over 30 days: MSTRX

Cloudflare, Inc. • Robinhood TokenNET

$263.3500

24h: -1.54%
Market cap: $140,394
Volume 24h: $86,542
Volatility (ann.): 74%

MicroStrategy xStockMSTRX

$132.6700

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

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

Performance

NETMSTRX

7 days-14.53%+0.26%MSTRX
30 days-15.29%+10.88%MSTRX

Correlation

0.54over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	NET	MSTRX
Max drawdown (400d)	-26.1%	-18.3%
Risk-adjusted return (90d)	-0.09	0.38

Relative strength over 90 days: MSTRX outperformed NET by 19.4% — measured on the NET/MSTRX ratio, so it holds regardless of market direction.

Cloudflare, Inc. • Robinhood Token →MicroStrategy xStock →