Honeywell xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 895.8× the size of Honeywell xStock (HONX) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 35 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against HONX's 38%.

Correlation: 0.36
Size ratio: 1 : 895.8

Honeywell xStockHONX

$227.5700

24h: +2.58%
Market cap: $141,536
Volume 24h: $27,155
Volatility (ann.): 38%

MicroStrategy xStockMSTRX

$131.0000

24h: -9.56%
Market cap: $126.79M
Volume 24h: $3.18M
Volatility (ann.): 101%

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

Performance

HONXMSTRX

7 days-0.52%+0.26%MSTRX
30 days-3.99%+10.88%MSTRX
90 days-11.59%——
1 year-1.61%——

Correlation

0.36over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	HONX	MSTRX
Max drawdown (400d)	-23.7%	-18.3%
Risk-adjusted return (90d)	-0.32	0.38

Relative strength over 90 days: MSTRX outperformed HONX by 38.0% — measured on the HONX/MSTRX ratio, so it holds regardless of market direction.

Honeywell xStock →MicroStrategy xStock →