Oracle xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 31.1× the size of Oracle xStock (ORCLX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 33.8 percentage points (ORCLX -23.0% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.26 across 32 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against ORCLX's 74%.

Correlation: 0.26
Size ratio: 1 : 31.1
Ahead over 30 days: MSTRX

Oracle xStockORCLX

$123.0400

24h: +2.16%
Market cap: $4.46M
Volume 24h: $23,261
Volatility (ann.): 74%

MicroStrategy xStockMSTRX

$143.7700

24h: +6.83%
Market cap: $138.71M
Volume 24h: $4.24M
Volatility (ann.): 101%

ORCLX 3.1%Share of the two combined market caps96.9% MSTRX

Performance

ORCLXMSTRX

7 days-1.61%+0.26%MSTRX
30 days-22.95%+10.88%MSTRX

Correlation

0.26over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	ORCLX	MSTRX
Max drawdown (400d)	-26.5%	-18.3%
Risk-adjusted return (90d)	-0.23	0.38

Relative strength over 90 days: MSTRX outperformed ORCLX by 24.9% — measured on the ORCLX/MSTRX ratio, so it holds regardless of market direction.

Oracle xStock →MicroStrategy xStock →