Wells Fargo (Ondo Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 98.6× the size of Wells Fargo (Ondo Tokenized Stock) (WFCON) by market capitalisation. Over the past 30 days, MSTRX is ahead by 6.4 percentage points (WFCON -1.7% against MSTRX +4.7%). Their daily returns move loosely in opposite directions (correlation -0.52 across 24 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against WFCON's 35%.

Correlation: -0.52
Size ratio: 1 : 98.6
Ahead over 30 days: MSTRX

Wells Fargo (Ondo Tokenized Stock)WFCON

$86.8400

24h: -1.13%
Market cap: $1.31M
Volume 24h: $5
Volatility (ann.): 35%

MicroStrategy xStockMSTRX

$135.6200

24h: +2.65%
Market cap: $128.83M
Volume 24h: $2.89M
Volatility (ann.): 101%

WFCON 1.0%Share of the two combined market caps99.0% MSTRX

Performance

WFCONMSTRX

7 days+3.87%-3.45%WFCON
30 days-1.66%+4.70%MSTRX

Correlation

-0.52over 24 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	WFCON	MSTRX
Max drawdown (400d)	-10.8%	-18.3%
Risk-adjusted return (90d)	-0.05	0.30

Relative strength over 90 days: MSTRX outperformed WFCON by 1.2% — measured on the WFCON/MSTRX ratio, so it holds regardless of market direction.

Wells Fargo (Ondo Tokenized Stock) →MicroStrategy xStock →