Marvell xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 24.2× the size of Marvell xStock (MRVLX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 13.5 percentage points (MRVLX -8.8% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.32 across 33 shared trading days). Both have run at a similar volatility, around 101% annualised.

Correlation: 0.32
Size ratio: 1 : 24.2
Ahead over 30 days: MSTRX

Marvell xStockMRVLX

$165.7300

24h: -5.60%
Market cap: $5.39M
Volume 24h: $14,375
Volatility (ann.): 102%

MicroStrategy xStockMSTRX

$137.1000

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

MRVLX 4.0%Share of the two combined market caps96.0% MSTRX

Performance

MRVLXMSTRX

7 days-14.48%-3.45%MSTRX
30 days-8.84%+4.70%MSTRX

Correlation

0.32over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	MRVLX	MSTRX
Max drawdown (400d)	-34.3%	-18.3%
Risk-adjusted return (90d)	-0.07	0.30

Relative strength over 90 days: MSTRX outperformed MRVLX by 8.9% — measured on the MRVLX/MSTRX ratio, so it holds regardless of market direction.

Marvell xStock →MicroStrategy xStock →