NVIDIA (Ondo Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 3.9× the size of NVIDIA (Ondo Tokenized Stock) (NVDAON) by market capitalisation. Over the past 30 days, MSTRX is ahead by 9.0 percentage points (NVDAON -4.3% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.54 across 49 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against NVDAON's 44%.

Correlation: 0.54
Size ratio: 1 : 3.9
Ahead over 30 days: MSTRX

NVIDIA (Ondo Tokenized Stock)NVDAON

$208.1400

24h: +2.14%
Market cap: $33.91M
Volume 24h: $1.22M
Volatility (ann.): 44%

MicroStrategy xStockMSTRX

$137.1000

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

NVDAON 20.6%Share of the two combined market caps79.4% MSTRX

Performance

NVDAONMSTRX

7 days-3.53%-3.45%MSTRX
30 days-4.25%+4.70%MSTRX

Correlation

0.54over 49 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	NVDAON	MSTRX
Max drawdown (400d)	-12.1%	-18.3%
Risk-adjusted return (90d)	-0.07	0.30

Relative strength over 90 days: MSTRX outperformed NVDAON by 14.1% — measured on the NVDAON/MSTRX ratio, so it holds regardless of market direction.

NVIDIA (Ondo Tokenized Stock) →MicroStrategy xStock →