Rocket Lab Corporation • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 2762.4× the size of Rocket Lab Corporation • Robinhood Token (RKLB) by market capitalisation. Over the past 30 days, MSTRX is ahead by 40.2 percentage points (RKLB -29.3% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.18 across 21 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against RKLB's 76%.

Correlation: 0.18
Size ratio: 1 : 2762.4
Ahead over 30 days: MSTRX

Rocket Lab Corporation • Robinhood TokenRKLB

$52.0100

24h: -1.04%
Market cap: $45,897
Volume 24h: $9
Volatility (ann.): 76%

MicroStrategy xStockMSTRX

$131.0000

24h: -9.56%
Market cap: $126.79M
Volume 24h: $3.18M
Volatility (ann.): 101%

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

Performance

RKLBMSTRX

7 days-12.12%+0.26%MSTRX
30 days-29.31%+10.88%MSTRX

Correlation

0.18over 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	RKLB	MSTRX
Max drawdown (400d)	-32.0%	-18.3%
Risk-adjusted return (90d)	-0.37	0.38

Relative strength over 90 days: MSTRX outperformed RKLB by 5.1% — measured on the RKLB/MSTRX ratio, so it holds regardless of market direction.

Rocket Lab Corporation • Robinhood Token →MicroStrategy xStock →