Robinhood Markets Tokenized Stock (Reality) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 179.7× the size of Robinhood Markets Tokenized Stock (Reality) (RHOOD) by market capitalisation. Over the past 30 days, MSTRX is ahead by 33.7 percentage points (RHOOD -22.8% against MSTRX +10.9%). Their daily returns move closely together (correlation 0.80 across 21 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against RHOOD's 48%.

Correlation: 0.80
Size ratio: 1 : 179.7
Ahead over 30 days: MSTRX

Robinhood Markets Tokenized Stock (Reality)RHOOD

$87.2200

24h: +3.98%
Market cap: $769,561
Volume 24h: $195,329
Volatility (ann.): 48%

MicroStrategy xStockMSTRX

$143.2400

24h: +5.94%
Market cap: $138.30M
Volume 24h: $3.75M
Volatility (ann.): 101%

RHOOD 0.6%Share of the two combined market caps99.4% MSTRX

Performance

RHOODMSTRX

7 days-3.07%+0.26%MSTRX
30 days-22.83%+10.88%MSTRX

Correlation

0.80over 21 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	RHOOD	MSTRX
Max drawdown (400d)	-26.2%	-18.3%
Risk-adjusted return (90d)	-0.46	0.38

Relative strength over 90 days: MSTRX outperformed RHOOD by 13.0% — measured on the RHOOD/MSTRX ratio, so it holds regardless of market direction.

Robinhood Markets Tokenized Stock (Reality) →MicroStrategy xStock →