Netflix • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 229.5× the size of Netflix • Robinhood Token (NFLX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 25.5 percentage points (NFLX -20.8% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.31 across 29 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against NFLX's 44%.

Correlation: 0.31
Size ratio: 1 : 229.5
Ahead over 30 days: MSTRX

Netflix • Robinhood TokenNFLX

$62.6300

24h: +0.58%
Market cap: $600,148
Volume 24h: $44,495
Volatility (ann.): 44%

MicroStrategy xStockMSTRX

$144.0900

24h: +5.83%
Market cap: $137.74M
Volume 24h: $3.82M
Volatility (ann.): 101%

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

Performance

NFLXMSTRX

7 days-11.81%-3.45%MSTRX
30 days-20.80%+4.70%MSTRX

Correlation

0.31over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	NFLX	MSTRX
Max drawdown (400d)	-25.1%	-18.3%
Risk-adjusted return (90d)	-0.55	0.30

Relative strength over 90 days: MSTRX outperformed NFLX by 22.9% — measured on the NFLX/MSTRX ratio, so it holds regardless of market direction.

Netflix • Robinhood Token →MicroStrategy xStock →