MicroStrategy xStock (MSTRX) is 1046.1× the size of Core Scientific (Ondo Tokenized) (CORZON) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 35 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against CORZON's 86%.
$12.7300
CORZONMSTRX
0.10over 35 shared trading days
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.
| Metric | CORZON | MSTRX |
|---|---|---|
| Max drawdown (400d) | -32.1% | -18.3% |
| Risk-adjusted return (90d) | -0.33 | 0.38 |
Relative strength over 90 days: MSTRX outperformed CORZON by 41.5% — measured on the CORZON/MSTRX ratio, so it holds regardless of market direction.