International Business Machines Corporation • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 298.9× the size of International Business Machines Corporation • Robinhood Token (IBM) by market capitalisation. Over the past 30 days, IBM is ahead by 2.7 percentage points (IBM +7.4% against MSTRX +4.7%). Their daily returns move barely in opposite directions (correlation -0.23 across 27 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against IBM's 56%.

Correlation: -0.23
Size ratio: 1 : 298.9
Ahead over 30 days: IBM

International Business Machines Corporation • Robinhood TokenIBM

$247.7500

24h: -1.55%
Market cap: $437,009
Volume 24h: $19,214
Volatility (ann.): 56%

MicroStrategy xStockMSTRX

$137.1000

24h: +6.08%
Market cap: $130.64M
Volume 24h: $2.72M
Volatility (ann.): 101%

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

Performance

IBMMSTRX

7 days+17.51%-3.45%IBM
30 days+7.39%+4.70%IBM

Correlation

-0.23over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	IBM	MSTRX
Max drawdown (400d)	-12.5%	-18.3%
Risk-adjusted return (90d)	0.23	0.30

Relative strength over 90 days: IBM outperformed MSTRX by 7.1% — measured on the IBM/MSTRX ratio, so it holds regardless of market direction.

International Business Machines Corporation • Robinhood Token →MicroStrategy xStock →