Pfizer (Ondo Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 33.8× the size of Pfizer (Ondo Tokenized Stock) (PFEON) by market capitalisation. Over the past 30 days, MSTRX is ahead by 2.0 percentage points (PFEON +2.7% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.28 across 23 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against PFEON's 71%.

Correlation: 0.28
Size ratio: 1 : 33.8
Ahead over 30 days: MSTRX

Pfizer (Ondo Tokenized Stock)PFEON

$31.8800

24h: -2.73%
Market cap: $3.82M
Volume 24h: $218
Volatility (ann.): 71%

MicroStrategy xStockMSTRX

$135.5500

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

PFEON 2.9%Share of the two combined market caps97.1% MSTRX

Performance

PFEONMSTRX

7 days+3.77%-3.45%PFEON
30 days+2.66%+4.70%MSTRX

Correlation

0.28over 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	PFEON	MSTRX
Max drawdown (400d)	-17.5%	-18.3%
Risk-adjusted return (90d)	0.04	0.30

Relative strength over 90 days: MSTRX outperformed PFEON by 14.6% — measured on the PFEON/MSTRX ratio, so it holds regardless of market direction.

Pfizer (Ondo Tokenized Stock) →MicroStrategy xStock →