Microsoft xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 18.0× the size of Microsoft xStock (MSFTX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 3.6 percentage points (MSFTX +1.1% against MSTRX +4.7%). Their daily returns move very closely together (correlation 0.87 across 25 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against MSFTX's 26%.

Correlation: 0.87
Size ratio: 1 : 18.0
Ahead over 30 days: MSTRX

Microsoft xStockMSFTX

$514.7300

24h: +0.97%
Market cap: $7.68M
Volume 24h: $602,783
Volatility (ann.): 26%

MicroStrategy xStockMSTRX

$144.1600

24h: +6.32%
Market cap: $138.61M
Volume 24h: $4.07M
Volatility (ann.): 101%

MSFTX 5.3%Share of the two combined market caps94.7% MSTRX

Performance

MSFTXMSTRX

7 days+3.27%-3.45%MSFTX
30 days+1.06%+4.70%MSTRX

Correlation

0.87over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8790d: 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	MSFTX	MSTRX
Max drawdown (400d)	-4.9%	-18.3%
Risk-adjusted return (90d)	0.04	0.30

Relative strength over 90 days: MSTRX outperformed MSFTX by 17.1% — measured on the MSFTX/MSTRX ratio, so it holds regardless of market direction.

Microsoft xStock →MicroStrategy xStock →