Qualcomm • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 3631.9× the size of Qualcomm • Robinhood Token (QCOM) by market capitalisation. Over the past 30 days, MSTRX is ahead by 4.5 percentage points (QCOM -11.2% against MSTRX -6.7%). Their daily returns move loosely together (correlation 0.57 across 31 shared trading days). MSTRX has been the more volatile of the two, at 105% annualised against QCOM's 61%.

Correlation: 0.57
Size ratio: 1 : 3631.9
Ahead over 30 days: MSTRX

Qualcomm • Robinhood TokenQCOM

$160.1200

24h: -0.08%
Market cap: $34,720
Volume 24h: $15,953
Volatility (ann.): 61%

MicroStrategy xStockMSTRX

$129.4700

24h: -10.70%
Market cap: $126.10M
Volume 24h: $5.31M
Volatility (ann.): 105%

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

Performance

QCOMMSTRX

7 days-13.44%-5.57%MSTRX
30 days-11.25%-6.73%MSTRX

Correlation

0.57over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	QCOM	MSTRX
Max drawdown (400d)	-22.9%	-20.7%
Risk-adjusted return (90d)	-0.12	0.21

Relative strength over 90 days: MSTRX outperformed QCOM by 9.0% — measured on the QCOM/MSTRX ratio, so it holds regardless of market direction.

Qualcomm • Robinhood Token →MicroStrategy xStock →