Dell • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 230.5× the size of Dell • Robinhood Token (DELL) by market capitalisation. Over the past 30 days, MSTRX is ahead by 25.4 percentage points (DELL -20.7% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.20 across 29 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against DELL's 78%.

Correlation: 0.20
Size ratio: 1 : 230.5
Ahead over 30 days: MSTRX

Dell • Robinhood TokenDELL

$399.9600

24h: +1.45%
Market cap: $568,476
Volume 24h: $121,213
Volatility (ann.): 78%

MicroStrategy xStockMSTRX

$137.4900

24h: +4.92%
Market cap: $131.05M
Volume 24h: $2.75M
Volatility (ann.): 101%

DELL 0.4%Share of the two combined market caps99.6% MSTRX

Performance

DELLMSTRX

7 days-22.76%-3.45%MSTRX
30 days-20.66%+4.70%MSTRX

Correlation

0.20over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	DELL	MSTRX
Max drawdown (400d)	-28.9%	-18.3%
Risk-adjusted return (90d)	-0.07	0.30

Relative strength over 90 days: MSTRX outperformed DELL by 13.6% — measured on the DELL/MSTRX ratio, so it holds regardless of market direction.

Dell • Robinhood Token →MicroStrategy xStock →