Microsoft xStock vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 18.5× the size of Microsoft xStock (MSFTX) by market capitalisation. Over the past 30 days, STRCX is ahead by 2.0 percentage points (MSFTX +1.1% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.15 across 23 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against MSFTX's 26%.

Correlation: -0.15
Size ratio: 1 : 18.5
Ahead over 30 days: STRCX

Microsoft xStockMSFTX

$514.7300

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

Strategy PP Variable xStockSTRCX

$109.8100

24h: +2.94%
Market cap: $142.28M
Volume 24h: $551,851
Volatility (ann.): 51%

MSFTX 5.1%Share of the two combined market caps94.9% STRCX

Performance

MSFTXSTRCX

7 days+3.27%+5.41%STRCX
30 days+1.06%+3.05%STRCX

Correlation

-0.15over 23 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	MSFTX	STRCX
Max drawdown (400d)	-4.9%	-7.5%
Risk-adjusted return (90d)	0.04	0.16

Relative strength over 90 days: STRCX outperformed MSFTX by 2.2% — measured on the MSFTX/STRCX ratio, so it holds regardless of market direction.

Microsoft xStock →Strategy PP Variable xStock →