MicroStrategy xStock (MSTRX) is 11.1× the size of SoFi Technologies (Ondo Tokenized Stock) (SOFION) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 43 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against SOFION's 60%.
$16.4900
SOFIONMSTRX
0.26over 43 shared trading days
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.
| Metric | SOFION | MSTRX |
|---|---|---|
| Max drawdown (400d) | -45.1% | -18.3% |
| Risk-adjusted return (90d) | -0.08 | 0.30 |
Relative strength over 90 days: MSTRX outperformed SOFION by 31.6% — measured on the SOFION/MSTRX ratio, so it holds regardless of market direction.