MicroStrategy xStock (MSTRX) is 1.6× the size of Intel (bStocks Tokenized Stock) (INTCB) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 55 shared trading days). Both have run at a similar volatility, around 95% annualised.
$58.0200
INTCBMSTRX
0.44over 55 shared trading days
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.
| Metric | INTCB | MSTRX |
|---|---|---|
| Max drawdown (400d) | -56.6% | -18.3% |
| Risk-adjusted return (90d) | -0.49 | 0.30 |
Relative strength over 90 days: MSTRX outperformed INTCB by 50.3% — measured on the INTCB/MSTRX ratio, so it holds regardless of market direction.