Johnson & Johnson • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 686.3× the size of Johnson & Johnson • Robinhood Token (JNJ) by market capitalisation. Over the past 30 days, MSTRX is ahead by 11.9 percentage points (JNJ -1.0% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.21 across 27 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against JNJ's 20%.

Correlation: 0.21
Size ratio: 1 : 686.3
Ahead over 30 days: MSTRX

Johnson & Johnson • Robinhood TokenJNJ

$277.8500

24h: +4.45%
Market cap: $201,514
Volume 24h: $25,479
Volatility (ann.): 20%

MicroStrategy xStockMSTRX

$143.2400

24h: +5.94%
Market cap: $138.30M
Volume 24h: $3.75M
Volatility (ann.): 101%

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

Performance

JNJMSTRX

7 days+1.38%+0.26%JNJ
30 days-0.97%+10.88%MSTRX

Correlation

0.21over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	JNJ	MSTRX
Max drawdown (400d)	-4.8%	-18.3%
Risk-adjusted return (90d)	0.00	0.38

Relative strength over 90 days: MSTRX outperformed JNJ by 13.3% — measured on the JNJ/MSTRX ratio, so it holds regardless of market direction.

Johnson & Johnson • Robinhood Token →MicroStrategy xStock →