Quantum Computing • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 938.2× the size of Quantum Computing • Robinhood Token (QUBT) by market capitalisation. Over the past 30 days, MSTRX is ahead by 32.2 percentage points (QUBT -21.3% against MSTRX +10.9%). Their daily returns move loosely together (correlation 0.39 across 30 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against QUBT's 78%.

Correlation: 0.39
Size ratio: 1 : 938.2
Ahead over 30 days: MSTRX

Quantum Computing • Robinhood TokenQUBT

$6.4100

24h: +1.31%
Market cap: $148,241
Volume 24h: $39,212
Volatility (ann.): 78%

MicroStrategy xStockMSTRX

$144.0300

24h: +4.99%
Market cap: $139.08M
Volume 24h: $3.68M
Volatility (ann.): 101%

QUBT 0.1%Share of the two combined market caps99.9% MSTRX

Performance

QUBTMSTRX

7 days-5.18%+0.26%MSTRX
30 days-21.35%+10.88%MSTRX

Correlation

0.39over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	QUBT	MSTRX
Max drawdown (400d)	-30.8%	-18.3%
Risk-adjusted return (90d)	-0.24	0.38

Relative strength over 90 days: MSTRX outperformed QUBT by 29.7% — measured on the QUBT/MSTRX ratio, so it holds regardless of market direction.

Quantum Computing • Robinhood Token →MicroStrategy xStock →