FGI Industries (ST0x Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 1442.1× the size of FGI Industries (ST0x Tokenized Stock) (WTFGI) by market capitalisation. Over the past 30 days, MSTRX is ahead by 12.9 percentage points (WTFGI -2.1% against MSTRX +10.9%). Their daily returns move barely in opposite directions (correlation -0.33 across 21 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against WTFGI's 63%.

Correlation: -0.33
Size ratio: 1 : 1442.1
Ahead over 30 days: MSTRX

FGI Industries (ST0x Tokenized Stock)WTFGI

$7.6100

24h: -0.38%
Market cap: $87,918
Volume 24h: $4,306
Volatility (ann.): 63%

MicroStrategy xStockMSTRX

$131.0000

24h: -9.56%
Market cap: $126.79M
Volume 24h: $3.18M
Volatility (ann.): 101%

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

Performance

WTFGIMSTRX

7 days+6.87%+0.26%WTFGI
30 days-2.06%+10.88%MSTRX

Correlation

-0.33over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	WTFGI	MSTRX
Max drawdown (400d)	-16.3%	-18.3%
Risk-adjusted return (90d)	0.00	0.38

Relative strength over 90 days: WTFGI outperformed MSTRX by 7.1% — measured on the WTFGI/MSTRX ratio, so it holds regardless of market direction.

FGI Industries (ST0x Tokenized Stock) →MicroStrategy xStock →