Super Micro Computer (bStocks Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 173.4× the size of Super Micro Computer (bStocks Tokenized Stock) (SMCIB) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 55 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against SMCIB's 82%.

Correlation: 0.49
Size ratio: 1 : 173.4

Super Micro Computer (bStocks Tokenized Stock)SMCIB

$31.5100

24h: -0.18%
Market cap: $745,818
Volume 24h: $95,791
Volatility (ann.): 82%

MicroStrategy xStockMSTRX

$136.1500

24h: +2.03%
Market cap: $129.34M
Volume 24h: $2.95M
Volatility (ann.): 101%

SMCIB 0.6%Share of the two combined market caps99.4% MSTRX

Performance

SMCIBMSTRX

7 days-2.59%-3.45%SMCIB
30 days-21.97%+4.70%MSTRX
90 days+13.17%——

Correlation

0.49over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6290d: 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	SMCIB	MSTRX
Max drawdown (400d)	-31.2%	-18.3%
Risk-adjusted return (90d)	0.16	0.30

Relative strength over 90 days: MSTRX outperformed SMCIB by 28.9% — measured on the SMCIB/MSTRX ratio, so it holds regardless of market direction.

Super Micro Computer (bStocks Tokenized Stock) →MicroStrategy xStock →