Western Digital Corporation • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 1403.2× the size of Western Digital Corporation • Robinhood Token (WDC) by market capitalisation. Over the past 30 days, MSTRX is ahead by 38.5 percentage points (WDC -27.6% against MSTRX +10.9%). Their daily returns move loosely together (correlation 0.36 across 21 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against WDC's 78%.

Correlation: 0.36
Size ratio: 1 : 1403.2
Ahead over 30 days: MSTRX

Western Digital Corporation • Robinhood TokenWDC

$312.0700

24h: -9.32%
Market cap: $90,357
Volume 24h: $14,292
Volatility (ann.): 78%

MicroStrategy xStockMSTRX

$131.0000

24h: -9.56%
Market cap: $126.79M
Volume 24h: $3.18M
Volatility (ann.): 101%

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

Performance

WDCMSTRX

7 days-16.74%+0.26%MSTRX
30 days-27.65%+10.88%MSTRX

Correlation

0.36over 21 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	WDC	MSTRX
Max drawdown (400d)	-30.7%	-18.3%
Risk-adjusted return (90d)	-0.37	0.38

Relative strength over 90 days: MSTRX outperformed WDC by 5.1% — measured on the WDC/MSTRX ratio, so it holds regardless of market direction.

Western Digital Corporation • Robinhood Token →MicroStrategy xStock →