Lumentum • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 942.2× the size of Lumentum • Robinhood Token (LITE) by market capitalisation. Over the past 30 days, MSTRX is ahead by 52.9 percentage points (LITE -42.0% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.07 across 21 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: 0.07
Size ratio: 1 : 942.2
Ahead over 30 days: MSTRX

Lumentum • Robinhood TokenLITE

$615.9400

24h: -6.04%
Market cap: $146,530
Volume 24h: $21,142
Volatility (ann.): 106%

MicroStrategy xStockMSTRX

$142.9600

24h: +3.32%
Market cap: $138.06M
Volume 24h: $3.59M
Volatility (ann.): 101%

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

Performance

LITEMSTRX

7 days-31.78%+0.26%MSTRX
30 days-42.02%+10.88%MSTRX

Correlation

0.07over 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	LITE	MSTRX
Max drawdown (400d)	-45.1%	-18.3%
Risk-adjusted return (90d)	-0.40	0.38

Relative strength over 90 days: MSTRX outperformed LITE by 27.6% — measured on the LITE/MSTRX ratio, so it holds regardless of market direction.

Lumentum • Robinhood Token →MicroStrategy xStock →