SpaceX (ST0x Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 11555.1× the size of SpaceX (ST0x Tokenized Stock) (WTSPCX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 31.7 percentage points (WTSPCX -20.8% against MSTRX +10.9%). Their daily returns move loosely together (correlation 0.49 across 21 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against WTSPCX's 79%.

Correlation: 0.49
Size ratio: 1 : 11555.1
Ahead over 30 days: MSTRX

SpaceX (ST0x Tokenized Stock)WTSPCX

$134.3200

24h: -2.02%
Market cap: $10,730
Volume 24h: $508
Volatility (ann.): 79%

MicroStrategy xStockMSTRX

$128.0600

24h: -11.70%
Market cap: $123.99M
Volume 24h: $4.86M
Volatility (ann.): 101%

WTSPCX 0.0%Share of the two combined market caps100.0% MSTRX

Performance

WTSPCXMSTRX

7 days-6.13%+0.26%MSTRX
30 days-20.77%+10.88%MSTRX

Correlation

0.49over 21 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	WTSPCX	MSTRX
Max drawdown (400d)	-21.3%	-18.3%
Risk-adjusted return (90d)	-0.12	0.38

Relative strength over 90 days: MSTRX outperformed WTSPCX by 5.4% — measured on the WTSPCX/MSTRX ratio, so it holds regardless of market direction.

SpaceX (ST0x Tokenized Stock) →MicroStrategy xStock →