CAIXY vs. MSTR

Last updated Jun 4, 2026

CAIXY (Caixabank SA ADR) and MSTR (Strategy Inc) are both stocks. CAIXY operates in Banks - Regional (Financial Services), while MSTR operates in Software - Application (Technology). Over the past 10 years, CAIXY returned 24.36%/yr vs 20.96%/yr for MSTR. At a 0.14 correlation, their price movements are largely independent.

Performance

CAIXY vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caixabank SA ADR (CAIXY) and Strategy Inc (MSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAIXY achieves a 12.25% return, which is significantly higher than MSTR's -16.72% return. Over the past 10 years, CAIXY has outperformed MSTR with an annualized return of 24.36%, while MSTR has yielded a comparatively lower 20.96% annualized return.

CAIXY

• 1D: -1.68%
• 1M: 8.64%
• YTD: 12.25%
• 6M: 19.95%
• 1Y: 65.31%
• 3Y*: 64.50%
• 5Y*: 41.27%
• 10Y*: 24.36%

MSTR

• 1D: -7.01%
• 1M: -31.15%
• YTD: -16.72%
• 6M: -32.83%
• 1Y: -67.34%
• 3Y*: 61.19%
• 5Y*: 21.16%
• 10Y*: 20.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAIXY vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAIXY Caixabank SA ADR	12.25%	149.59%	46.64%	16.68%	45.44%	10.31%	-14.12%	-10.97%	-23.98%	52.94%
MSTR Strategy Inc	-16.72%	-47.53%	358.54%	346.15%	-74.00%	40.13%	172.42%	11.65%	-2.70%	-33.49%

Correlation

The correlation between CAIXY and MSTR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 5, 2012	0.14

Fundamentals

Market Cap CAIXY : $92.10B MSTR : $42.26B
EPS CAIXY : $0.28 MSTR : -$40.19
PS Ratio CAIXY : 4.76 MSTR : 79.33
PB Ratio CAIXY : 2.49 MSTR : 1.15
Total Revenue (TTM) CAIXY : $19.49B MSTR : $490.47M
Gross Profit (TTM) CAIXY : $12.00B MSTR : $334.08M
EBITDA (TTM) CAIXY : $8.98B MSTR : $466.93M

Return for Risk

CAIXY vs. MSTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAIXY

CAIXY Risk / Return Rank: 88
CAIXY Sharpe Ratio Rank: 91
CAIXY Sortino Ratio Rank: 88
CAIXY Omega Ratio Rank: 87
CAIXY Calmar Ratio Rank: 87
CAIXY Martin Ratio Rank: 91

MSTR

MSTR Risk / Return Rank: 6
MSTR Sharpe Ratio Rank: 5
MSTR Sortino Ratio Rank: 3
MSTR Omega Ratio Rank: 6
MSTR Calmar Ratio Rank: 7
MSTR Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAIXY vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caixabank SA ADR (CAIXY) 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.

	CAIXY	MSTR	Difference
Sharpe ratio Return per unit of total volatility	2.36	-0.96	+3.32
Sortino ratio Return per unit of downside risk	3.00	-1.75	+4.75
Omega ratio Gain probability vs. loss probability	1.38	0.81	+0.56
Calmar ratio Return relative to maximum drawdown	3.85	-0.88	+4.73
Martin ratio Return relative to average drawdown	12.72	-1.31	+14.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAIXY vs. MSTR - Sharpe Ratio Comparison

The current CAIXY Sharpe Ratio is 2.36, which is higher than the MSTR Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of CAIXY and MSTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CAIXY	MSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	-0.96	+3.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.23	+0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.29	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.12	+0.16

Drawdowns

CAIXY vs. MSTR - Drawdown Comparison

The maximum CAIXY drawdown since its inception was -74.24%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for CAIXY and MSTR.

Drawdown Indicators

	CAIXY	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-74.24%	-99.86%	+25.62%
Max Drawdown (1Y) Largest decline over 1 year	-17.04%	-76.53%	+59.49%
Max Drawdown (3Y) Largest decline over 3 years	-31.74%	-77.42%	+45.68%
Max Drawdown (5Y) Largest decline over 5 years	-31.74%	-84.11%	+52.37%
Max Drawdown (10Y) Largest decline over 10 years	-70.45%	-89.27%	+18.82%
Current Drawdown Current decline from peak	-1.68%	-73.29%	+71.61%
Average Drawdown Average peak-to-trough decline	-32.59%	-86.48%	+53.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	51.59%	-46.44%

Volatility

CAIXY vs. MSTR - Volatility Comparison

The current volatility for Caixabank SA ADR (CAIXY) is 7.97%, while Strategy Inc (MSTR) has a volatility of 19.43%. This indicates that CAIXY 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.

Volatility by Period

	CAIXY	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.97%	19.43%	-11.46%
Volatility (6M) Calculated over the trailing 6-month period	22.64%	56.49%	-33.85%
Volatility (1Y) Calculated over the trailing 1-year period	27.99%	70.30%	-42.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.33%	90.79%	-47.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.29%	73.70%	-26.41%

Dividends

CAIXY vs. MSTR - Dividend Comparison

CAIXY's dividend yield for the trailing twelve months is around 4.40%, while MSTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAIXY Caixabank SA ADR	4.40%	6.82%	10.76%	6.11%	4.26%	1.22%	2.17%	2.69%	3.70%	3.16%	2.70%	2.71%
MSTR Strategy Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CAIXY and MSTR in my portfolio?

CAIXY and MSTR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAIXY or MSTR?

MSTR has higher volatility (19.43%) compared to CAIXY (7.97%). In terms of maximum drawdown, CAIXY dropped -74.24% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

CAIXY currently has the higher Sharpe Ratio (2.35 vs -0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.