Krispy Kreme (ST0x Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 3428.8× the size of Krispy Kreme (ST0x Tokenized Stock) (WTDNUT) by market capitalisation. Over the past 30 days, WTDNUT is ahead by 63.8 percentage points (WTDNUT +57.1% against MSTRX -6.7%). Their daily returns move loosely in opposite directions (correlation -0.53 across 21 shared trading days). Both have run at a similar volatility, around 109% annualised.

Correlation: -0.53
Size ratio: 1 : 3428.8
Ahead over 30 days: WTDNUT

Krispy Kreme (ST0x Tokenized Stock)WTDNUT

$4.5600

24h: +32.21%
Market cap: $37,083
Volume 24h: $5,666
Volatility (ann.): 114%

MicroStrategy xStockMSTRX

$129.1800

24h: +0.85%
Market cap: $127.15M
Volume 24h: $3.43M
Volatility (ann.): 105%

WTDNUT 0.0%Share of the two combined market caps100.0% MSTRX

Performance

WTDNUTMSTRX

7 days+50.48%-5.57%WTDNUT
30 days+57.09%-6.73%WTDNUT

Correlation

-0.53over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	WTDNUT	MSTRX
Max drawdown (400d)	-8.7%	-20.7%
Risk-adjusted return (90d)	0.50	0.21

Relative strength over 90 days: WTDNUT outperformed MSTRX by 69.9% — measured on the WTDNUT/MSTRX ratio, so it holds regardless of market direction.

Krispy Kreme (ST0x Tokenized Stock) →MicroStrategy xStock →