TSMC xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 24.8× the size of TSMC xStock (TSMX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 51.5 percentage points (TSMX -46.8% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.13 across 32 shared trading days). TSMX has been the more volatile of the two, at 314% annualised against MSTRX's 101%.

Correlation: 0.13
Size ratio: 1 : 24.8
Ahead over 30 days: MSTRX

TSMC xStockTSMX

$401.8200

24h: -0.39%
Market cap: $5.22M
Volume 24h: $3,979
Volatility (ann.): 314%

MicroStrategy xStockMSTRX

$136.1500

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

TSMX 3.9%Share of the two combined market caps96.1% MSTRX

Performance

TSMXMSTRX

7 days-0.85%-3.45%TSMX
30 days-46.85%+4.70%MSTRX

Correlation

0.13over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	TSMX	MSTRX
Max drawdown (400d)	-47.7%	-18.3%
Risk-adjusted return (90d)	-0.15	0.30

Relative strength over 90 days: MSTRX outperformed TSMX by 48.1% — measured on the TSMX/MSTRX ratio, so it holds regardless of market direction.

TSMC xStock →MicroStrategy xStock →