Nebius Group • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 458.8× the size of Nebius Group • Robinhood Token (NBIS) by market capitalisation. Over the past 30 days, MSTRX is ahead by 52.8 percentage points (NBIS -41.9% against MSTRX +10.9%). Their daily returns move loosely together (correlation 0.50 across 30 shared trading days). Both have run at a similar volatility, around 104% annualised.

Correlation: 0.50
Size ratio: 1 : 458.8
Ahead over 30 days: MSTRX

Nebius Group • Robinhood TokenNBIS

$137.5700

24h: -4.86%
Market cap: $303,140
Volume 24h: $38,575
Volatility (ann.): 107%

MicroStrategy xStockMSTRX

$144.0300

24h: +4.99%
Market cap: $139.08M
Volume 24h: $3.68M
Volatility (ann.): 101%

NBIS 0.2%Share of the two combined market caps99.8% MSTRX

Performance

NBISMSTRX

7 days-19.41%+0.26%MSTRX
30 days-41.88%+10.88%MSTRX

Correlation

0.50over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	NBIS	MSTRX
Max drawdown (400d)	-42.0%	-18.3%
Risk-adjusted return (90d)	-0.28	0.38

Relative strength over 90 days: MSTRX outperformed NBIS by 38.9% — measured on the NBIS/MSTRX ratio, so it holds regardless of market direction.

Nebius Group • Robinhood Token →MicroStrategy xStock →