Super Micro Computer (Ondo Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 79.7× the size of Super Micro Computer (Ondo Tokenized Stock) (SMCION) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 35 shared trading days). Both have run at a similar volatility, around 100% annualised.

Correlation: 0.43
Size ratio: 1 : 79.7

Super Micro Computer (Ondo Tokenized Stock)SMCION

$33.1500

24h: +6.78%
Market cap: $1.75M
Volume 24h: $616,448
Volatility (ann.): 98%

MicroStrategy xStockMSTRX

$144.8400

24h: +6.50%
Market cap: $139.30M
Volume 24h: $4.06M
Volatility (ann.): 101%

SMCION 1.2%Share of the two combined market caps98.8% MSTRX

Performance

SMCIONMSTRX

7 days+2.56%-3.45%SMCION
30 days+14.32%+4.70%SMCION
90 days+44.35%——

Correlation

0.43over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	SMCION	MSTRX
Max drawdown (400d)	-51.3%	-18.3%
Risk-adjusted return (90d)	0.49	0.30

Relative strength over 90 days: MSTRX outperformed SMCION by 23.7% — measured on the SMCION/MSTRX ratio, so it holds regardless of market direction.

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