CoreWeave • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 298.8× the size of CoreWeave • Robinhood Token (CRWV) by market capitalisation. Over the past 30 days, MSTRX is ahead by 51.7 percentage points (CRWV -47.0% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.38 across 29 shared trading days). Both have run at a similar volatility, around 107% annualised.

Correlation: 0.38
Size ratio: 1 : 298.8
Ahead over 30 days: MSTRX

CoreWeave • Robinhood TokenCRWV

$51.0300

24h: +1.59%
Market cap: $437,184
Volume 24h: $130,861
Volatility (ann.): 112%

MicroStrategy xStockMSTRX

$137.1000

24h: +6.08%
Market cap: $130.64M
Volume 24h: $2.72M
Volatility (ann.): 101%

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

Performance

CRWVMSTRX

7 days-38.96%-3.45%MSTRX
30 days-47.03%+4.70%MSTRX

Correlation

0.38over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	CRWV	MSTRX
Max drawdown (400d)	-47.0%	-18.3%
Risk-adjusted return (90d)	-0.31	0.30

Relative strength over 90 days: MSTRX outperformed CRWV by 40.6% — measured on the CRWV/MSTRX ratio, so it holds regardless of market direction.

CoreWeave • Robinhood Token →MicroStrategy xStock →