Mastercard xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 642.9× the size of Mastercard xStock (MAX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 16.3 percentage points (MAX -5.4% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.05 across 22 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against MAX's 24%.

Correlation: 0.05
Size ratio: 1 : 642.9
Ahead over 30 days: MSTRX

Mastercard xStockMAX

$670.7600

24h: +4.00%
Market cap: $215,327
Volume 24h: $25,302
Volatility (ann.): 24%

MicroStrategy xStockMSTRX

$143.3800

24h: +5.01%
Market cap: $138.44M
Volume 24h: $3.73M
Volatility (ann.): 101%

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

Performance

MAXMSTRX

7 days-2.90%+0.26%MSTRX
30 days-5.43%+10.88%MSTRX

Correlation

0.05over 22 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	MAX	MSTRX
Max drawdown (400d)	-6.7%	-18.3%
Risk-adjusted return (90d)	-0.23	0.38

Relative strength over 90 days: MSTRX outperformed MAX by 22.4% — measured on the MAX/MSTRX ratio, so it holds regardless of market direction.

Mastercard xStock →MicroStrategy xStock →