Vida Global xStock vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 677.9× the size of Vida Global xStock (VIDAX) by market capitalisation. Over the past 30 days, MSTRX is ahead by 42.7 percentage points (VIDAX -31.8% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.05 across 22 shared trading days). VIDAX has been the more volatile of the two, at 127% annualised against MSTRX's 101%.

Correlation: 0.05
Size ratio: 1 : 677.9
Ahead over 30 days: MSTRX

Vida Global xStockVIDAX

$0.871316

24h: -4.43%
Market cap: $204,025
Volume 24h: $5,035
Volatility (ann.): 127%

MicroStrategy xStockMSTRX

$143.2400

24h: +5.94%
Market cap: $138.30M
Volume 24h: $3.75M
Volatility (ann.): 101%

VIDAX 0.1%Share of the two combined market caps99.9% MSTRX

Performance

VIDAXMSTRX

7 days-2.34%+0.26%MSTRX
30 days-31.84%+10.88%MSTRX

Correlation

0.05over 22 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	VIDAX	MSTRX
Max drawdown (400d)	-35.9%	-18.3%
Risk-adjusted return (90d)	-0.25	0.38

Relative strength over 90 days: MSTRX outperformed VIDAX by 46.8% — measured on the VIDAX/MSTRX ratio, so it holds regardless of market direction.

Vida Global xStock →MicroStrategy xStock →