Salesforce (bStocks Tokenized Stock) vs MicroStrategy xStock

Salesforce (bStocks Tokenized Stock) (CRMB) and MicroStrategy xStock (MSTRX) compared side by side. Over the past 30 days, MSTRX is ahead by 10.3 percentage points (CRMB -5.6% against MSTRX +4.7%). Their daily returns move barely in opposite directions (correlation -0.14 across 34 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against CRMB's 36%.

Correlation: -0.14
Ahead over 30 days: MSTRX

Salesforce (bStocks Tokenized Stock)CRMB

$223.0200

24h: +1.72%
Market cap: —
Volume 24h: $67,090
Volatility (ann.): 36%

MicroStrategy xStockMSTRX

$137.2200

24h: +6.30%
Market cap: $130.76M
Volume 24h: $2.74M
Volatility (ann.): 101%

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

Performance

CRMBMSTRX

7 days-7.95%-3.45%MSTRX
30 days-5.64%+4.70%MSTRX

Correlation

-0.14over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	CRMB	MSTRX
Max drawdown (400d)	-14.4%	-18.3%
Risk-adjusted return (90d)	-0.27	0.30

Relative strength over 90 days: MSTRX outperformed CRMB by 11.9% — measured on the CRMB/MSTRX ratio, so it holds regardless of market direction.

Salesforce (bStocks Tokenized Stock) →MicroStrategy xStock →