MicroStrategy xStock (MSTRX) is 48.6× the size of Rocket Lab (bStocks Tokenized Stock) (RKLBB) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 55 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against RKLBB's 86%.
$54.0200
RKLBBMSTRX
0.46over 55 shared trading days
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.
| Metric | RKLBB | MSTRX |
|---|---|---|
| Max drawdown (400d) | -41.2% | -18.3% |
| Risk-adjusted return (90d) | -0.36 | 0.30 |
Relative strength over 90 days: MSTRX outperformed RKLBB by 45.2% — measured on the RKLBB/MSTRX ratio, so it holds regardless of market direction.