Snap Inc. • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 568.8× the size of Snap Inc. • Robinhood Token (SNAP) by market capitalisation. Over the past 30 days, MSTRX is ahead by 4.0 percentage points (SNAP +0.7% against MSTRX +4.7%). Their daily returns move barely in opposite directions (correlation -0.20 across 29 shared trading days). Both have run at a similar volatility, around 102% annualised.

Correlation: -0.20
Size ratio: 1 : 568.8
Ahead over 30 days: MSTRX

Snap Inc. • Robinhood TokenSNAP

$5.4900

24h: +0.85%
Market cap: $230,388
Volume 24h: $66,431
Volatility (ann.): 103%

MicroStrategy xStockMSTRX

$137.4900

24h: +4.92%
Market cap: $131.05M
Volume 24h: $2.75M
Volatility (ann.): 101%

SNAP 0.2%Share of the two combined market caps99.8% MSTRX

Performance

SNAPMSTRX

7 days+2.63%-3.45%SNAP
30 days+0.74%+4.70%MSTRX

Correlation

-0.20over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2090d: 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	SNAP	MSTRX
Max drawdown (400d)	-20.5%	-18.3%
Risk-adjusted return (90d)	-0.04	0.30

Relative strength over 90 days: MSTRX outperformed SNAP by 3.0% — measured on the SNAP/MSTRX ratio, so it holds regardless of market direction.

Snap Inc. • Robinhood Token →MicroStrategy xStock →