Eli Lilly and Company (Backpack Securities) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 380.9× the size of Eli Lilly and Company (Backpack Securities) (LLY) by market capitalisation. Over the past 30 days, LLY is ahead by 15.5 percentage points (LLY +26.4% against MSTRX +10.9%). Their daily returns move barely in opposite directions (correlation -0.14 across 30 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against LLY's 46%.

Correlation: -0.14
Size ratio: 1 : 380.9
Ahead over 30 days: LLY

Eli Lilly and Company (Backpack Securities)LLY

$1,432.51

24h: +0.64%
Market cap: $356,004
Volume 24h: $392,730
Volatility (ann.): 46%

MicroStrategy xStockMSTRX

$140.4100

24h: +3.16%
Market cap: $135.60M
Volume 24h: $3.45M
Volatility (ann.): 101%

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

Performance

LLYMSTRX

7 days+9.38%+0.26%LLY
30 days+26.41%+10.88%LLY

Correlation

-0.14over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	LLY	MSTRX
Max drawdown (400d)	-4.5%	-18.3%
Risk-adjusted return (90d)	0.49	0.38

Relative strength over 90 days: LLY outperformed MSTRX by 6.2% — measured on the LLY/MSTRX ratio, so it holds regardless of market direction.

Eli Lilly and Company (Backpack Securities) →MicroStrategy xStock →