Wendy's (ST0x Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 11212.4× the size of Wendy's (ST0x Tokenized Stock) (WTWEN) by market capitalisation. Over the past 30 days, WTWEN is ahead by 36.3 percentage points (WTWEN +29.6% against MSTRX -6.7%). Their daily returns move barely in opposite directions (correlation -0.14 across 20 shared trading days). MSTRX has been the more volatile of the two, at 105% annualised against WTWEN's 79%.

Correlation: -0.14
Size ratio: 1 : 11212.4
Ahead over 30 days: WTWEN

Wendy's (ST0x Tokenized Stock)WTWEN

$7.9700

24h: +5.62%
Market cap: $11,397
Volume 24h: $4,210
Volatility (ann.): 79%

MicroStrategy xStockMSTRX

$131.1100

24h: -6.04%
Market cap: $127.79M
Volume 24h: $5.52M
Volatility (ann.): 105%

WTWEN 0.0%Share of the two combined market caps100.0% MSTRX

Performance

WTWENMSTRX

7 days+11.62%-5.57%WTWEN
30 days+29.59%-6.73%WTWEN

Correlation

-0.14over 20 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	WTWEN	MSTRX
Max drawdown (400d)	-9.3%	-20.7%
Risk-adjusted return (90d)	0.35	0.21

Relative strength over 90 days: WTWEN outperformed MSTRX by 38.0% — measured on the WTWEN/MSTRX ratio, so it holds regardless of market direction.

Wendy's (ST0x Tokenized Stock) →MicroStrategy xStock →