SK Hynix xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 12.8× the size of SK Hynix xStock (SKHYX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 18.4 percentage points (SKHYX -13.7% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.32 across 32 shared trading days). Both have run at a similar volatility, around 97% annualised.

Correlation: 0.32
Size ratio: 1 : 12.8
Ahead over 30 days: MSTRX

SK Hynix xStockSKHYX

$145.4200

24h: -2.09%
Market cap: $10.14M
Volume 24h: $185,937
Volatility (ann.): 92%

MicroStrategy xStockMSTRX

$136.1500

24h: +2.03%
Market cap: $129.34M
Volume 24h: $2.95M
Volatility (ann.): 101%

SKHYX 7.3%Share of the two combined market caps92.7% MSTRX

Performance

SKHYXMSTRX

7 days-18.02%-3.45%MSTRX
30 days-13.70%+4.70%MSTRX

Correlation

0.32over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	SKHYX	MSTRX
Max drawdown (400d)	-25.7%	-18.3%
Risk-adjusted return (90d)	-0.08	0.30

Relative strength over 90 days: MSTRX outperformed SKHYX by 8.8% — measured on the SKHYX/MSTRX ratio, so it holds regardless of market direction.

SK Hynix xStock →MicroStrategy xStock →