Sandisk Corporation xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 6.5× the size of Sandisk Corporation xStock (SNDKX) by market capitalisation. Over the past 30 days, SNDKX is ahead by 4.7 percentage points (SNDKX +15.6% against MSTRX +10.9%). Their daily returns move barely in opposite directions (correlation -0.03 across 24 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against SNDKX's 76%.

Correlation: -0.03
Size ratio: 1 : 6.5
Ahead over 30 days: SNDKX

Sandisk Corporation xStockSNDKX

$1,100.95

24h: +0.39%
Market cap: $21.61M
Volume 24h: $338,844
Volatility (ann.): 76%

MicroStrategy xStockMSTRX

$144.6100

24h: +7.91%
Market cap: $139.59M
Volume 24h: $4.25M
Volatility (ann.): 101%

SNDKX 13.4%Share of the two combined market caps86.6% MSTRX

Performance

SNDKXMSTRX

7 days-3.09%+0.26%MSTRX
30 days+15.62%+10.88%SNDKX

Correlation

-0.03over 24 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	SNDKX	MSTRX
Max drawdown (400d)	-13.8%	-18.3%
Risk-adjusted return (90d)	0.21	0.38

Relative strength over 90 days: MSTRX outperformed SNDKX by 5.2% — measured on the SNDKX/MSTRX ratio, so it holds regardless of market direction.

Sandisk Corporation xStock →MicroStrategy xStock →