Gamestop xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 65.8× the size of Gamestop xStock (GMEX) by market capitalisation. Over the past 30 days, GMEX is ahead by 15.6 percentage points (GMEX +20.3% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.30 across 30 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against GMEX's 48%.

Correlation: 0.30
Size ratio: 1 : 65.8
Ahead over 30 days: GMEX

Gamestop xStockGMEX

$24.0600

24h: -0.51%
Market cap: $2.10M
Volume 24h: $859,068
Volatility (ann.): 48%

MicroStrategy xStockMSTRX

$144.9100

24h: +5.36%
Market cap: $138.36M
Volume 24h: $3.84M
Volatility (ann.): 101%

GMEX 1.5%Share of the two combined market caps98.5% MSTRX

Performance

GMEXMSTRX

7 days-0.25%-3.45%GMEX
30 days+20.31%+4.70%GMEX

Correlation

0.30over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	GMEX	MSTRX
Max drawdown (400d)	-6.7%	-18.3%
Risk-adjusted return (90d)	0.67	0.30

Relative strength over 90 days: GMEX outperformed MSTRX by 33.5% — measured on the GMEX/MSTRX ratio, so it holds regardless of market direction.

Gamestop xStock →MicroStrategy xStock →