Tesla • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 28.6× the size of Tesla • Robinhood Token (TSLA) by market capitalisation. Over the past 30 days, TSLA is ahead by 8.9 percentage points (TSLA +13.6% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.18 across 32 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against TSLA's 50%.

Correlation: 0.18
Size ratio: 1 : 28.6
Ahead over 30 days: TSLA

Tesla • Robinhood TokenTSLA

$386.7700

24h: -4.33%
Market cap: $4.51M
Volume 24h: $3.07M
Volatility (ann.): 50%

MicroStrategy xStockMSTRX

$135.5500

24h: +2.69%
Market cap: $129.31M
Volume 24h: $2.93M
Volatility (ann.): 101%

TSLA 3.4%Share of the two combined market caps96.6% MSTRX

Performance

TSLAMSTRX

7 days+9.95%-3.45%TSLA
30 days+13.58%+4.70%TSLA

Correlation

0.18over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	TSLA	MSTRX
Max drawdown (400d)	-6.4%	-18.3%
Risk-adjusted return (90d)	0.32	0.30

Relative strength over 90 days: TSLA outperformed MSTRX by 13.6% — measured on the TSLA/MSTRX ratio, so it holds regardless of market direction.

Tesla • Robinhood Token →MicroStrategy xStock →