Uber xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 183.5× the size of Uber xStock (UBERX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 19.8 percentage points (UBERX -15.1% against MSTRX +4.7%). Their daily returns move barely in opposite directions (correlation -0.15 across 26 shared trading days). UBERX has been the more volatile of the two, at 826% annualised against MSTRX's 101%.

Correlation: -0.15
Size ratio: 1 : 183.5
Ahead over 30 days: MSTRX

Uber xStockUBERX

$66.5200

24h: +1.15%
Market cap: $704,868
Volume 24h: $546
Volatility (ann.): 826%

MicroStrategy xStockMSTRX

$136.1500

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

UBERX 0.5%Share of the two combined market caps99.5% MSTRX

Performance

UBERXMSTRX

7 days-8.17%-3.45%MSTRX
30 days-15.11%+4.70%MSTRX

Correlation

-0.15over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	UBERX	MSTRX
Max drawdown (400d)	-66.4%	-18.3%
Risk-adjusted return (90d)	-0.02	0.30

Relative strength over 90 days: MSTRX outperformed UBERX by 17.5% — measured on the UBERX/MSTRX ratio, so it holds regardless of market direction.

Uber xStock →MicroStrategy xStock →