NVIDIA • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 7.4× the size of NVIDIA • Robinhood Token (NVDA) by market capitalisation. Over the past 30 days, MSTRX is ahead by 14.9 percentage points (NVDA -10.2% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.51 across 34 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against NVDA's 34%.

Correlation: 0.51
Size ratio: 1 : 7.4
Ahead over 30 days: MSTRX

NVIDIA • Robinhood TokenNVDA

$204.4500

24h: -0.05%
Market cap: $17.42M
Volume 24h: $28.11M
Volatility (ann.): 34%

MicroStrategy xStockMSTRX

$135.5500

24h: +2.69%
Market cap: $129.31M
Volume 24h: $2.93M
Volatility (ann.): 101%

NVDA 11.9%Share of the two combined market caps88.1% MSTRX

Performance

NVDAMSTRX

7 days-3.78%-3.45%MSTRX
30 days-10.17%+4.70%MSTRX

Correlation

0.51over 34 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	NVDA	MSTRX
Max drawdown (400d)	-12.6%	-18.3%
Risk-adjusted return (90d)	-0.14	0.30

Relative strength over 90 days: MSTRX outperformed NVDA by 9.8% — measured on the NVDA/MSTRX ratio, so it holds regardless of market direction.

NVIDIA • Robinhood Token →MicroStrategy xStock →