Moderna, Inc. • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 247.9× the size of Moderna, Inc. • Robinhood Token (MRNA) by market capitalisation. Over the past 30 days, MRNA is ahead by 57.4 percentage points (MRNA +62.1% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.53 across 31 shared trading days). Both have run at a similar volatility, around 98% annualised.

Correlation: 0.53
Size ratio: 1 : 247.9
Ahead over 30 days: MRNA

Moderna, Inc. • Robinhood TokenMRNA

$225.7200

24h: +2.36%
Market cap: $526,882
Volume 24h: $370,702
Volatility (ann.): 94%

MicroStrategy xStockMSTRX

$137.1000

24h: +6.08%
Market cap: $130.64M
Volume 24h: $2.72M
Volatility (ann.): 101%

MRNA 0.4%Share of the two combined market caps99.6% MSTRX

Performance

MRNAMSTRX

7 days+25.51%-3.45%MRNA
30 days+62.08%+4.70%MRNA

Correlation

0.53over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5390d: 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	MRNA	MSTRX
Max drawdown (400d)	-12.6%	-18.3%
Risk-adjusted return (90d)	0.65	0.30

Relative strength over 90 days: MRNA outperformed MSTRX by 57.6% — measured on the MRNA/MSTRX ratio, so it holds regardless of market direction.

Moderna, Inc. • Robinhood Token →MicroStrategy xStock →