BRRR vs. MSTR
Compare and contrast key facts about Valkyrie Bitcoin ETF (BRRR) and MicroStrategy Incorporated (MSTR).
BRRR is a passively managed fund by Valkyrie Digital Assets that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRRR or MSTR.
Key characteristics
| BRRR | MSTR | |
|---|---|---|
| Daily Std Dev | 58.43% | 88.98% |
| Max Drawdown | -22.67% | -99.86% |
| Current Drawdown | -16.30% | -58.54% |
Correlation
The correlation between BRRR and MSTR is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BRRR vs. MSTR - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BRRR vs. MSTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin ETF (BRRR) and MicroStrategy Incorporated (MSTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
BRRR vs. MSTR - Dividend Comparison
Neither BRRR nor MSTR has paid dividends to shareholders.
Drawdowns
BRRR vs. MSTR - Drawdown Comparison
The maximum BRRR drawdown since its inception was -22.67%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for BRRR and MSTR. For additional features, visit the drawdowns tool.
Volatility
BRRR vs. MSTR - Volatility Comparison
The current volatility for Valkyrie Bitcoin ETF (BRRR) is 14.07%, while MicroStrategy Incorporated (MSTR) has a volatility of 31.23%. This indicates that BRRR experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.