MicroStrategy (Ondo Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 6.0× the size of MicroStrategy (Ondo Tokenized Stock) (MSTRON) by market capitalisation. Over the past 30 days, MSTRON is ahead by 5.6 percentage points (MSTRON +10.3% against MSTRX +4.7%). Their daily returns move closely together (correlation 0.69 across 28 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: 0.69
Size ratio: 1 : 6.0
Ahead over 30 days: MSTRON

MicroStrategy (Ondo Tokenized Stock)MSTRON

$132.5300

24h: +0.41%
Market cap: $22.01M
Volume 24h: $1.22M
Volatility (ann.): 104%

MicroStrategy xStockMSTRX

$137.4900

24h: +4.92%
Market cap: $131.05M
Volume 24h: $2.75M
Volatility (ann.): 101%

MSTRON 14.4%Share of the two combined market caps85.6% MSTRX

Performance

MSTRONMSTRX

7 days-13.56%-3.45%MSTRX
30 days+10.32%+4.70%MSTRON

Correlation

0.69over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6990d: 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	MSTRON	MSTRX
Max drawdown (400d)	-13.8%	-18.3%
Risk-adjusted return (90d)	0.05	0.30

Relative strength over 90 days: MSTRON outperformed MSTRX by 0.5% — measured on the MSTRON/MSTRX ratio, so it holds regardless of market direction.

MicroStrategy (Ondo Tokenized Stock) →MicroStrategy xStock →