Meta (Coinbase Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 30.8× the size of Meta (Coinbase Tokenized Stock) (METAC) by market capitalisation. Over the past 30 days, MSTRX is ahead by 3.7 percentage points (METAC +1.0% against MSTRX +4.7%). Their daily returns move closely together (correlation 0.68 across 33 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against METAC's 62%.

Correlation: 0.68
Size ratio: 1 : 30.8
Ahead over 30 days: MSTRX

Meta (Coinbase Tokenized Stock)METAC

$612.8200

24h: +0.75%
Market cap: $4.50M
Volume 24h: $11.92M
Volatility (ann.): 62%

MicroStrategy xStockMSTRX

$144.9100

24h: +5.36%
Market cap: $138.36M
Volume 24h: $3.84M
Volatility (ann.): 101%

METAC 3.1%Share of the two combined market caps96.9% MSTRX

Performance

METACMSTRX

7 days-0.15%-3.45%METAC
30 days+0.99%+4.70%MSTRX

Correlation

0.68over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7090d: 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	METAC	MSTRX
Max drawdown (400d)	-21.5%	-18.3%
Risk-adjusted return (90d)	0.10	0.30

Relative strength over 90 days: METAC outperformed MSTRX by 2.4% — measured on the METAC/MSTRX ratio, so it holds regardless of market direction.

Meta (Coinbase Tokenized Stock) →MicroStrategy xStock →