Webull Corporation • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 1016.4× the size of Webull Corporation • Robinhood Token (BULL) by market capitalisation. Over the past 30 days, MSTRX is ahead by 55.4 percentage points (BULL -44.5% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.22 across 30 shared trading days). Both have run at a similar volatility, around 101% annualised.

Correlation: 0.22
Size ratio: 1 : 1016.4
Ahead over 30 days: MSTRX

Webull Corporation • Robinhood TokenBULL

$5.4000

24h: +4.97%
Market cap: $136,068
Volume 24h: $8,547
Volatility (ann.): 101%

MicroStrategy xStockMSTRX

$143.2400

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

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

Performance

BULLMSTRX

7 days-4.72%+0.26%MSTRX
30 days-44.50%+10.88%MSTRX

Correlation

0.22over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	BULL	MSTRX
Max drawdown (400d)	-51.9%	-18.3%
Risk-adjusted return (90d)	-0.42	0.38

Relative strength over 90 days: MSTRX outperformed BULL by 50.1% — measured on the BULL/MSTRX ratio, so it holds regardless of market direction.

Webull Corporation • Robinhood Token →MicroStrategy xStock →