Datadog • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 1719.3× the size of Datadog • Robinhood Token (DDOG) by market capitalisation. Over the past 30 days, MSTRX is ahead by 26.3 percentage points (DDOG -15.4% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.09 across 30 shared trading days). Both have run at a similar volatility, around 99% annualised.

Correlation: 0.09
Size ratio: 1 : 1719.3
Ahead over 30 days: MSTRX

Datadog • Robinhood TokenDDOG

$188.2400

24h: -13.53%
Market cap: $78,525
Volume 24h: $71,683
Volatility (ann.): 96%

MicroStrategy xStockMSTRX

$139.8000

24h: +2.94%
Market cap: $135.01M
Volume 24h: $3.42M
Volatility (ann.): 101%

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

Performance

DDOGMSTRX

7 days-32.56%+0.26%MSTRX
30 days-15.37%+10.88%MSTRX

Correlation

0.09over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	DDOG	MSTRX
Max drawdown (400d)	-32.6%	-18.3%
Risk-adjusted return (90d)	-0.20	0.38

Relative strength over 90 days: MSTRX outperformed DDOG by 30.2% — measured on the DDOG/MSTRX ratio, so it holds regardless of market direction.

Datadog • Robinhood Token →MicroStrategy xStock →