GameStop • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 48.7× the size of GameStop • Robinhood Token (GME) by market capitalisation. Over the past 30 days, GME is ahead by 23.5 percentage points (GME +28.2% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.21 across 33 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against GME's 43%.

Correlation: 0.21
Size ratio: 1 : 48.7
Ahead over 30 days: GME

GameStop • Robinhood TokenGME

$23.9900

24h: -0.62%
Market cap: $2.65M
Volume 24h: $533,076
Volatility (ann.): 43%

MicroStrategy xStockMSTRX

$136.1500

24h: +2.03%
Market cap: $129.34M
Volume 24h: $2.95M
Volatility (ann.): 101%

GME 2.0%Share of the two combined market caps98.0% MSTRX

Performance

GMEMSTRX

7 days+2.66%-3.45%GME
30 days+28.21%+4.70%GME

Correlation

0.21over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	GME	MSTRX
Max drawdown (400d)	-6.5%	-18.3%
Risk-adjusted return (90d)	0.70	0.30

Relative strength over 90 days: GME outperformed MSTRX by 24.8% — measured on the GME/MSTRX ratio, so it holds regardless of market direction.

GameStop • Robinhood Token →MicroStrategy xStock →