NVIDIA xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 2.7× the size of NVIDIA xStock (NVDAX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 8.9 percentage points (NVDAX -4.2% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.56 across 49 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against NVDAX's 44%.

Correlation: 0.56
Size ratio: 1 : 2.7
Ahead over 30 days: MSTRX

NVIDIA xStockNVDAX

$204.5300

24h: -1.58%
Market cap: $48.73M
Volume 24h: $10.55M
Volatility (ann.): 44%

MicroStrategy xStockMSTRX

$136.1400

24h: +3.31%
Market cap: $129.33M
Volume 24h: $2.91M
Volatility (ann.): 101%

NVDAX 27.4%Share of the two combined market caps72.6% MSTRX

Performance

NVDAXMSTRX

7 days-3.52%-3.45%MSTRX
30 days-4.22%+4.70%MSTRX

Correlation

0.56over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5390d: 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	NVDAX	MSTRX
Max drawdown (400d)	-12.1%	-18.3%
Risk-adjusted return (90d)	-0.07	0.30

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

NVIDIA xStock →MicroStrategy xStock →