GlobalFoundries (Ondo Tokenized) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 15345.8× the size of GlobalFoundries (Ondo Tokenized) (GFSON) by market capitalisation. Over the past 30 days, MSTRX is ahead by 3.8 percentage points (GFSON +7.1% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.13 across 35 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against GFSON's 62%.

Correlation: 0.13
Size ratio: 1 : 15345.8
Ahead over 30 days: MSTRX

GlobalFoundries (Ondo Tokenized)GFSON

$40.1000

24h: -6.65%
Market cap: $8,068
Volume 24h: $151,704
Volatility (ann.): 62%

MicroStrategy xStockMSTRX

$127.5500

24h: -11.54%
Market cap: $123.81M
Volume 24h: $5.18M
Volatility (ann.): 101%

GFSON 0.0%Share of the two combined market caps100.0% MSTRX

Performance

GFSONMSTRX

7 days-1.44%+0.26%MSTRX
30 days+7.06%+10.88%MSTRX

Correlation

0.13over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	GFSON	MSTRX
Max drawdown (400d)	-26.8%	-18.3%
Risk-adjusted return (90d)	-0.28	0.38

Relative strength over 90 days: MSTRX outperformed GFSON by 35.5% — measured on the GFSON/MSTRX ratio, so it holds regardless of market direction.

GlobalFoundries (Ondo Tokenized) →MicroStrategy xStock →