Marvell Technology (Backpack Securities) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 651.1× the size of Marvell Technology (Backpack Securities) (MRVL) by market capitalisation. Over the past 30 days, MSTRX is ahead by 43.3 percentage points (MRVL -32.4% against MSTRX +10.9%). Their daily returns move loosely together (correlation 0.37 across 30 shared trading days). Both have run at a similar volatility, around 96% annualised.

Correlation: 0.37
Size ratio: 1 : 651.1
Ahead over 30 days: MSTRX

Marvell Technology (Backpack Securities)MRVL

$156.9000

24h: -5.63%
Market cap: $196,848
Volume 24h: $92,153
Volatility (ann.): 92%

MicroStrategy xStockMSTRX

$132.6700

24h: -5.18%
Market cap: $128.16M
Volume 24h: $3.08M
Volatility (ann.): 101%

MRVL 0.2%Share of the two combined market caps99.8% MSTRX

Performance

MRVLMSTRX

7 days-36.72%+0.26%MSTRX
30 days-32.42%+10.88%MSTRX

Correlation

0.37over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	MRVL	MSTRX
Max drawdown (400d)	-40.0%	-18.3%
Risk-adjusted return (90d)	-0.27	0.38

Relative strength over 90 days: MSTRX outperformed MRVL by 34.7% — measured on the MRVL/MSTRX ratio, so it holds regardless of market direction.

Marvell Technology (Backpack Securities) →MicroStrategy xStock →