Figma, Inc. • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 929.5× the size of Figma, Inc. • Robinhood Token (FIG) by market capitalisation. Over the past 30 days, MSTRX is ahead by 17.3 percentage points (FIG -6.4% against MSTRX +10.9%). Their daily returns move barely in opposite directions (correlation -0.31 across 29 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against FIG's 65%.

Correlation: -0.31
Size ratio: 1 : 929.5
Ahead over 30 days: MSTRX

Figma, Inc. • Robinhood TokenFIG

$21.2200

24h: +1.82%
Market cap: $148,789
Volume 24h: $79,238
Volatility (ann.): 65%

MicroStrategy xStockMSTRX

$143.2400

24h: +5.94%
Market cap: $138.30M
Volume 24h: $3.75M
Volatility (ann.): 101%

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

Performance

FIGMSTRX

7 days+1.38%+0.26%FIG
30 days-6.39%+10.88%MSTRX

Correlation

-0.31over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3190d: 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	FIG	MSTRX
Max drawdown (400d)	-27.4%	-18.3%
Risk-adjusted return (90d)	-0.35	0.38

Relative strength over 90 days: MSTRX outperformed FIG by 33.2% — measured on the FIG/MSTRX ratio, so it holds regardless of market direction.

Figma, Inc. • Robinhood Token →MicroStrategy xStock →