NVIDIA (Dinari Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 127.5× the size of NVIDIA (Dinari Tokenized Stock) (NVDA) by market capitalisation. Over the past 30 days, MSTRX is ahead by 1.4 percentage points (NVDA +3.3% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.30 across 23 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against NVDA's 27%.

Correlation: 0.30
Size ratio: 1 : 127.5
Ahead over 30 days: MSTRX

NVIDIA (Dinari Tokenized Stock)NVDA

$204.3800

24h: -0.24%
Market cap: $1.01M
Volume 24h: $41,558
Volatility (ann.): 27%

MicroStrategy xStockMSTRX

$136.1500

24h: +2.03%
Market cap: $129.34M
Volume 24h: $2.95M
Volatility (ann.): 101%

NVDA 0.8%Share of the two combined market caps99.2% MSTRX

Performance

NVDAMSTRX

7 days+1.35%-3.45%NVDA
30 days+3.26%+4.70%MSTRX

Correlation

0.30over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NVDA	MSTRX
Max drawdown (400d)	-8.4%	-18.3%
Risk-adjusted return (90d)	0.12	0.30

Relative strength over 90 days: MSTRX outperformed NVDA by 12.6% — measured on the NVDA/MSTRX ratio, so it holds regardless of market direction.

NVIDIA (Dinari Tokenized Stock) →MicroStrategy xStock →