Strategy Inc. • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 18.3× the size of Strategy Inc. • Robinhood Token (MSTR) by market capitalisation. Over the past 30 days, MSTRX is ahead by 9.4 percentage points (MSTR -4.7% against MSTRX +4.7%). Their daily returns move loosely together (correlation 0.37 across 29 shared trading days). MSTR has been the more volatile of the two, at 181% annualised against MSTRX's 101%.

Correlation: 0.37
Size ratio: 1 : 18.3
Ahead over 30 days: MSTRX

Strategy Inc. • Robinhood TokenMSTR

$132.4900

24h: +0.28%
Market cap: $7.28M
Volume 24h: $2.69M
Volatility (ann.): 181%

MicroStrategy xStockMSTRX

$139.8300

24h: +4.35%
Market cap: $132.83M
Volume 24h: $3.28M
Volatility (ann.): 101%

MSTR 5.2%Share of the two combined market caps94.8% MSTRX

Performance

MSTRMSTRX

7 days-15.72%-3.45%MSTRX
30 days-4.74%+4.70%MSTRX

Correlation

0.37over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	MSTR	MSTRX
Max drawdown (400d)	-49.6%	-18.3%
Risk-adjusted return (90d)	-0.24	0.30

Relative strength over 90 days: MSTRX outperformed MSTR by 46.1% — measured on the MSTR/MSTRX ratio, so it holds regardless of market direction.

Strategy Inc. • Robinhood Token →MicroStrategy xStock →