MicroStrategy (Coinbase Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 71.3× the size of MicroStrategy (Coinbase Tokenized Stock) (MSTRC) by market capitalisation. Over the past 30 days, MSTRX is ahead by 21.2 percentage points (MSTRC -10.4% against MSTRX +10.9%). Their daily returns move closely together (correlation 0.76 across 21 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against MSTRC's 66%.

Correlation: 0.76
Size ratio: 1 : 71.3
Ahead over 30 days: MSTRX

MicroStrategy (Coinbase Tokenized Stock)MSTRC

$132.2800

24h: +0.41%
Market cap: $1.95M
Volume 24h: $19.82M
Volatility (ann.): 66%

MicroStrategy xStockMSTRX

$144.3000

24h: +8.87%
Market cap: $139.30M
Volume 24h: $4.23M
Volatility (ann.): 101%

MSTRC 1.4%Share of the two combined market caps98.6% MSTRX

Performance

MSTRCMSTRX

7 days+1.18%+0.26%MSTRC
30 days-10.36%+10.88%MSTRX

Correlation

0.76over 21 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	MSTRC	MSTRX
Max drawdown (400d)	-22.7%	-18.3%
Risk-adjusted return (90d)	-0.12	0.38

Relative strength over 90 days: MSTRC outperformed MSTRX by 1.2% — measured on the MSTRC/MSTRX ratio, so it holds regardless of market direction.

MicroStrategy (Coinbase Tokenized Stock) →MicroStrategy xStock →