USA Rare Earth • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 441.5× the size of USA Rare Earth • Robinhood Token (USAR) by market capitalisation. Over the past 30 days, MSTRX is ahead by 64.3 percentage points (USAR -53.5% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.19 across 28 shared trading days). Both have run at a similar volatility, around 105% annualised.

Correlation: 0.19
Size ratio: 1 : 441.5
Ahead over 30 days: MSTRX

USA Rare Earth • Robinhood TokenUSAR

$8.6000

24h: -3.26%
Market cap: $316,136
Volume 24h: $48,288
Volatility (ann.): 109%

MicroStrategy xStockMSTRX

$144.6600

24h: +8.14%
Market cap: $139.59M
Volume 24h: $4.22M
Volatility (ann.): 101%

USAR 0.2%Share of the two combined market caps99.8% MSTRX

Performance

USARMSTRX

7 days-41.42%+0.26%MSTRX
30 days-53.46%+10.88%MSTRX

Correlation

0.19over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	USAR	MSTRX
Max drawdown (400d)	-53.7%	-18.3%
Risk-adjusted return (90d)	-0.48	0.38

Relative strength over 90 days: MSTRX outperformed USAR by 58.8% — measured on the USAR/MSTRX ratio, so it holds regardless of market direction.

USA Rare Earth • Robinhood Token →MicroStrategy xStock →