NVIDIA (Coinbase Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 19.9× the size of NVIDIA (Coinbase Tokenized Stock) (NVDAC) by market capitalisation. Over the past 30 days, MSTRX is ahead by 12.8 percentage points (NVDAC -8.1% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.52 across 33 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against NVDAC's 33%.

Correlation: 0.52
Size ratio: 1 : 19.9
Ahead over 30 days: MSTRX

NVIDIA (Coinbase Tokenized Stock)NVDAC

$204.4000

24h: -0.05%
Market cap: $6.58M
Volume 24h: $9.44M
Volatility (ann.): 33%

MicroStrategy xStockMSTRX

$137.1000

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

NVDAC 4.8%Share of the two combined market caps95.2% MSTRX

Performance

NVDACMSTRX

7 days-4.94%-3.45%MSTRX
30 days-8.10%+4.70%MSTRX

Correlation

0.52over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	NVDAC	MSTRX
Max drawdown (400d)	-12.6%	-18.3%
Risk-adjusted return (90d)	-0.17	0.30

Relative strength over 90 days: MSTRX outperformed NVDAC by 9.0% — measured on the NVDAC/MSTRX ratio, so it holds regardless of market direction.

NVIDIA (Coinbase Tokenized Stock) →MicroStrategy xStock →