Intel (Backpack Securities) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 308.6× the size of Intel (Backpack Securities) (INTC) by market capitalisation. Over the past 30 days, MSTRX is ahead by 45.7 percentage points (INTC -41.0% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.58 across 29 shared trading days). INTC has been the more volatile of the two, at 123% annualised against MSTRX's 101%.

Correlation: 0.58
Size ratio: 1 : 308.6
Ahead over 30 days: MSTRX

Intel (Backpack Securities)INTC

$59.0700

24h: -3.79%
Market cap: $445,582
Volume 24h: $446,797
Volatility (ann.): 123%

MicroStrategy xStockMSTRX

$142.9500

24h: +5.33%
Market cap: $137.53M
Volume 24h: $4.02M
Volatility (ann.): 101%

INTC 0.3%Share of the two combined market caps99.7% MSTRX

Performance

INTCMSTRX

7 days-48.92%-3.45%MSTRX
30 days-41.05%+4.70%MSTRX

Correlation

0.58over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 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	INTC	MSTRX
Max drawdown (400d)	-53.0%	-18.3%
Risk-adjusted return (90d)	-0.25	0.30

Relative strength over 90 days: MSTRX outperformed INTC by 36.7% — measured on the INTC/MSTRX ratio, so it holds regardless of market direction.

Intel (Backpack Securities) →MicroStrategy xStock →