BTC.AX vs. MSTR
BTC.AX (BTC Health Limited) and MSTR (Strategy Inc) are both stocks. BTC.AX operates in Biotechnology (Healthcare), while MSTR operates in Software - Application (Technology). Over the past 10 years, BTC.AX returned -8.24%/yr vs 20.71%/yr for MSTR. At a correlation of -0.01, they often move in opposite directions.
Performance
BTC.AX vs. MSTR - Performance Comparison
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Different Trading Currencies
BTC.AX is traded in AUD, while MSTR is traded in USD. To make them comparable, the MSTR values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTC.AX achieves a -11.29% return, which is significantly higher than MSTR's -24.94% return. Over the past 10 years, BTC.AX has underperformed MSTR with an annualized return of -8.24%, while MSTR has yielded a comparatively higher 20.71% annualized return.
BTC.AX
- 1D
- 0.00%
- 1M
- 1.85%
- YTD
- -11.29%
- 6M
- -11.29%
- 1Y
- 5.77%
- 3Y*
- 40.10%
- 5Y*
- -5.24%
- 10Y*
- -8.24%
MSTR
- 1D
- -5.76%
- 1M
- -33.78%
- YTD
- -24.94%
- 6M
- -36.60%
- 1Y
- -69.86%
- 3Y*
- 56.25%
- 5Y*
- 22.25%
- 10Y*
- 20.71%
BTC.AX vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC.AX BTC Health Limited | -11.29% | -15.07% | 40.38% | 40.54% | -51.32% | -12.64% | -20.91% | -21.43% | -39.13% | 100.00% |
MSTR Strategy Inc | -24.94% | -51.34% | 404.68% | 346.49% | -72.28% | 48.35% | 148.50% | 12.17% | 7.73% | -38.55% |
Correlation
The correlation between BTC.AX and MSTR is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007 | -0.01 |
The correlation between BTC.AX and MSTR shifts across timeframes, from -0.11 (1 year) to 0.00 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTC.AX vs. MSTR — Risk / Return Rank
BTC.AX
MSTR
BTC.AX vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BTC Health Limited (BTC.AX) and Strategy Inc (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.
| BTC.AX | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.79 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | -0.90 | +1.11 |
| Martin ratioReturn relative to average drawdown | 0.40 | -1.31 | +1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTC.AX | MSTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -1.03 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.25 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 0.29 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.27 | -0.33 |
Drawdowns
BTC.AX vs. MSTR - Drawdown Comparison
The maximum BTC.AX drawdown since its inception was -93.75%, which is greater than MSTR's maximum drawdown of -87.75%. Use the drawdown chart below to compare losses from any high point for BTC.AX and MSTR.
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Drawdown Indicators
| BTC.AX | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -87.75% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -27.14% | -77.89% | +50.75% |
Max Drawdown (3Y)Largest decline over 3 years | -47.76% | -78.80% | +31.04% |
Max Drawdown (5Y)Largest decline over 5 years | -82.95% | -82.68% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | -87.75% | -6.00% |
Current DrawdownCurrent decline from peak | -77.08% | -76.54% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -54.71% | -33.50% | -21.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.28% | 53.36% | -39.08% |
Volatility
BTC.AX vs. MSTR - Volatility Comparison
The current volatility for BTC Health Limited (BTC.AX) is 3.23%, while Strategy Inc (MSTR) has a volatility of 19.37%. This indicates that BTC.AX 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.
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Volatility by Period
| BTC.AX | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 19.37% | -16.14% |
Volatility (6M)Calculated over the trailing 6-month period | 23.36% | 54.71% | -31.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.45% | 68.18% | -27.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.18% | 88.15% | -13.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.23% | 71.76% | -0.53% |
Dividends
BTC.AX vs. MSTR - Dividend Comparison
Neither BTC.AX nor MSTR has paid dividends to shareholders.
Financials
BTC.AX vs. MSTR - Financials Comparison
This section allows you to compare key financial metrics between BTC Health Limited and Strategy Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BTC.AX and MSTR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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