TeraWulf Inc. • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 7780.0× the size of TeraWulf Inc. • Robinhood Token (WULF) by market capitalisation. Over the past 30 days, MSTRX is ahead by 33.8 percentage points (WULF -22.9% against MSTRX +10.9%). Their daily returns move loosely together (correlation 0.54 across 21 shared trading days). Both have run at a similar volatility, around 105% annualised.

Correlation: 0.54
Size ratio: 1 : 7780.0
Ahead over 30 days: MSTRX

TeraWulf Inc. • Robinhood TokenWULF

$11.6400

24h: -1.74%
Market cap: $15,981
Volume 24h: $9,632
Volatility (ann.): 108%

MicroStrategy xStockMSTRX

$128.0900

24h: -10.68%
Market cap: $124.33M
Volume 24h: $5.17M
Volatility (ann.): 101%

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

Performance

WULFMSTRX

7 days-11.40%+0.26%MSTRX
30 days-22.89%+10.88%MSTRX

Correlation

0.54over 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	WULF	MSTRX
Max drawdown (400d)	-28.6%	-18.3%
Risk-adjusted return (90d)	-0.18	0.38

Relative strength over 90 days: MSTRX outperformed WULF by 3.1% — measured on the WULF/MSTRX ratio, so it holds regardless of market direction.

TeraWulf Inc. • Robinhood Token →MicroStrategy xStock →