Goldman Sachs (Ondo Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 110.1× the size of Goldman Sachs (Ondo Tokenized Stock) (GSON) by market capitalisation. Over the past 30 days, MSTRX is ahead by 31.3 percentage points (GSON -26.6% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.53 across 24 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against GSON's 86%.

Correlation: 0.53
Size ratio: 1 : 110.1
Ahead over 30 days: MSTRX

Goldman Sachs (Ondo Tokenized Stock)GSON

$902.9600

24h: —
Market cap: $1.19M
Volume 24h: $7
Volatility (ann.): 86%

MicroStrategy xStockMSTRX

$137.0300

24h: +5.08%
Market cap: $130.62M
Volume 24h: $2.73M
Volatility (ann.): 101%

GSON 0.9%Share of the two combined market caps99.1% MSTRX

Performance

GSONMSTRX

7 days-19.67%-3.45%MSTRX
30 days-26.61%+4.70%MSTRX

Correlation

0.53over 24 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	GSON	MSTRX
Max drawdown (400d)	-28.3%	-18.3%
Risk-adjusted return (90d)	-0.31	0.30

Relative strength over 90 days: MSTRX outperformed GSON by 26.2% — measured on the GSON/MSTRX ratio, so it holds regardless of market direction.

Goldman Sachs (Ondo Tokenized Stock) →MicroStrategy xStock →