Playboy (ST0x Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 3853.4× the size of Playboy (ST0x Tokenized Stock) (WTPLBY) by market capitalisation. Over the past 30 days, WTPLBY is ahead by 19.9 percentage points (WTPLBY +30.8% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.03 across 20 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against WTPLBY's 68%.

Correlation: 0.03
Size ratio: 1 : 3853.4
Ahead over 30 days: WTPLBY

Playboy (ST0x Tokenized Stock)WTPLBY

$1.3600

24h: -1.69%
Market cap: $32,265
Volume 24h: $3,208
Volatility (ann.): 68%

MicroStrategy xStockMSTRX

$128.0900

24h: -10.68%
Market cap: $124.33M
Volume 24h: $5.17M
Volatility (ann.): 101%

WTPLBY 0.0%Share of the two combined market caps100.0% MSTRX

Performance

WTPLBYMSTRX

7 days+20.35%+0.26%WTPLBY
30 days+30.77%+10.88%WTPLBY

Correlation

0.03over 20 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	WTPLBY	MSTRX
Max drawdown (400d)	-6.2%	-18.3%
Risk-adjusted return (90d)	0.53	0.38

Relative strength over 90 days: WTPLBY outperformed MSTRX by 31.3% — measured on the WTPLBY/MSTRX ratio, so it holds regardless of market direction.

Playboy (ST0x Tokenized Stock) →MicroStrategy xStock →