MicroStrategy Incorporated ST0x vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 5017.1× the size of MicroStrategy Incorporated ST0x (WTMSTR) by market capitalisation. Over the past 30 days, MSTRX is ahead by 14.7 percentage points (WTMSTR -21.4% against MSTRX -6.7%). Their daily returns move barely together (correlation 0.03 across 22 shared trading days). WTMSTR has been the more volatile of the two, at 67628443% annualised against MSTRX's 105%.

Correlation: 0.03
Size ratio: 1 : 5017.1
Ahead over 30 days: MSTRX

MicroStrategy Incorporated ST0xWTMSTR

$129.1500

24h: -10.26%
Market cap: $25,091
Volume 24h: $18,084
Volatility (ann.): 67628443%

MicroStrategy xStockMSTRX

$129.2400

24h: -10.15%
Market cap: $125.88M
Volume 24h: $5.44M
Volatility (ann.): 105%

WTMSTR 0.0%Share of the two combined market caps100.0% MSTRX

Performance

WTMSTRMSTRX

7 days-8.20%-5.57%MSTRX
30 days-21.42%-6.73%MSTRX

Correlation

0.03over 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	WTMSTR	MSTRX
Max drawdown (400d)	-100.0%	-20.7%
Risk-adjusted return (90d)	0.00	0.21

Relative strength over 90 days: WTMSTR outperformed MSTRX by 6.3% — measured on the WTMSTR/MSTRX ratio, so it holds regardless of market direction.

MicroStrategy Incorporated ST0x →MicroStrategy xStock →