Zoom • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 3338.7× the size of Zoom • Robinhood Token (ZM) by market capitalisation. Over the past 30 days, MSTRX is ahead by 9.7 percentage points (ZM +1.1% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.34 across 20 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against ZM's 31%.

Correlation: 0.34
Size ratio: 1 : 3338.7
Ahead over 30 days: MSTRX

Zoom • Robinhood TokenZM

$92.6800

24h: +1.44%
Market cap: $37,138
Volume 24h: $397
Volatility (ann.): 31%

MicroStrategy xStockMSTRX

$128.0600

24h: -11.70%
Market cap: $123.99M
Volume 24h: $4.86M
Volatility (ann.): 101%

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

Performance

ZMMSTRX

7 days-6.81%+0.26%MSTRX
30 days+1.15%+10.88%MSTRX

Correlation

0.34over 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	ZM	MSTRX
Max drawdown (400d)	-7.6%	-18.3%
Risk-adjusted return (90d)	0.03	0.38

Relative strength over 90 days: MSTRX outperformed ZM by 1.7% — measured on the ZM/MSTRX ratio, so it holds regardless of market direction.

Zoom • Robinhood Token →MicroStrategy xStock →