SpaceX Tokenized Stock (Reality) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 8.1× the size of SpaceX Tokenized Stock (Reality) (RSPCX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 13.0 percentage points (RSPCX -8.3% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.24 across 35 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against RSPCX's 42%.

Correlation: 0.24
Size ratio: 1 : 8.1
Ahead over 30 days: MSTRX

SpaceX Tokenized Stock (Reality)RSPCX

$136.0200

24h: -0.98%
Market cap: $16.38M
Volume 24h: $881,249
Volatility (ann.): 42%

MicroStrategy xStockMSTRX

$138.3600

24h: +5.34%
Market cap: $132.00M
Volume 24h: $2.90M
Volatility (ann.): 101%

RSPCX 11.0%Share of the two combined market caps89.0% MSTRX

Performance

RSPCXMSTRX

7 days-5.71%-3.45%MSTRX
30 days-8.27%+4.70%MSTRX

Correlation

0.24over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	RSPCX	MSTRX
Max drawdown (400d)	-12.1%	-18.3%
Risk-adjusted return (90d)	0.02	0.30

Relative strength over 90 days: MSTRX outperformed RSPCX by 4.5% — measured on the RSPCX/MSTRX ratio, so it holds regardless of market direction.

SpaceX Tokenized Stock (Reality) →MicroStrategy xStock →