Reddit • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 85.8× the size of Reddit • Robinhood Token (RDDT) by market capitalisation. Over the past 30 days, MSTRX is ahead by 45.0 percentage points (RDDT -40.3% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.15 across 31 shared trading days). Both have run at a similar volatility, around 96% annualised.

Correlation: 0.15
Size ratio: 1 : 85.8
Ahead over 30 days: MSTRX

Reddit • Robinhood TokenRDDT

$93.8100

24h: +3.26%
Market cap: $1.53M
Volume 24h: $63,862
Volatility (ann.): 90%

MicroStrategy xStockMSTRX

$137.4900

24h: +4.92%
Market cap: $131.05M
Volume 24h: $2.75M
Volatility (ann.): 101%

RDDT 1.2%Share of the two combined market caps98.8% MSTRX

Performance

RDDTMSTRX

7 days-35.47%-3.45%MSTRX
30 days-40.30%+4.70%MSTRX

Correlation

0.15over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	RDDT	MSTRX
Max drawdown (400d)	-43.7%	-18.3%
Risk-adjusted return (90d)	-0.48	0.30

Relative strength over 90 days: MSTRX outperformed RDDT by 45.2% — measured on the RDDT/MSTRX ratio, so it holds regardless of market direction.

Reddit • Robinhood Token →MicroStrategy xStock →