CASY vs. MSTR

Last updated Jun 13, 2026

CASY (Casey's General Stores, Inc.) and MSTR (Strategy Inc) are both stocks. CASY operates in Grocery Stores (Consumer Defensive), while MSTR operates in Software - Application (Technology). Over the past 10 years, CASY returned 23.37%/yr vs 20.92%/yr for MSTR. At a 0.25 correlation, their price movements are largely independent.

Performance

CASY vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Casey's General Stores, Inc. (CASY) and Strategy Inc (MSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CASY achieves a 62.22% return, which is significantly higher than MSTR's -18.41% return. Over the past 10 years, CASY has outperformed MSTR with an annualized return of 23.37%, while MSTR has yielded a comparatively lower 20.92% annualized return.

CASY

• 1D: -2.31%
• 1M: 4.97%
• YTD: 62.22%
• 6M: 66.01%
• 1Y: 77.53%
• 3Y*: 60.28%
• 5Y*: 34.73%
• 10Y*: 23.37%

MSTR

• 1D: 3.18%
• 1M: -30.13%
• YTD: -18.41%
• 6M: -29.74%
• 1Y: -67.62%
• 3Y*: 63.46%
• 5Y*: 19.14%
• 10Y*: 20.92%

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

CASY vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CASY Casey's General Stores, Inc.	62.22%	40.12%	45.01%	23.27%	14.49%	11.25%	13.24%	25.12%	15.59%	-4.99%
MSTR Strategy Inc	-18.41%	-47.53%	358.54%	346.15%	-74.00%	40.13%	172.42%	11.65%	-2.70%	-33.49%

Correlation

The correlation between CASY and MSTR is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jun 11, 1998	0.25

The correlation between CASY and MSTR shifts across timeframes, from 0.13 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CASY : $33.29B MSTR : $41.40B
EPS CASY : $19.17 MSTR : -$40.19
PS Ratio CASY : 1.90 MSTR : 77.72
PB Ratio CASY : 8.42 MSTR : 1.13
Total Revenue (TTM) CASY : $17.56B MSTR : $490.47M
Gross Profit (TTM) CASY : $4.32B MSTR : $334.08M
EBITDA (TTM) CASY : $1.58B MSTR : $466.93M

Return for Risk

CASY vs. MSTR — Risk / Return Rank

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

CASY

CASY Risk / Return Rank: 94
CASY Sharpe Ratio Rank: 93
CASY Sortino Ratio Rank: 96
CASY Omega Ratio Rank: 94
CASY Calmar Ratio Rank: 92
CASY Martin Ratio Rank: 96

MSTR

MSTR Risk / Return Rank: 8
MSTR Sharpe Ratio Rank: 6
MSTR Sortino Ratio Rank: 4
MSTR Omega Ratio Rank: 7
MSTR Calmar Ratio Rank: 8
MSTR Martin Ratio Rank: 13

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.

CASY vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Casey's General Stores, Inc. (CASY) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CASY	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	2.51	-0.95	+3.46
Sortino ratio: Return per unit of downside risk	4.18	-1.71	+5.89
Omega ratio: Gain probability vs. loss probability	1.51	0.82	+0.69
Calmar ratio: Return relative to maximum drawdown	4.83	-0.88	+5.71
Martin ratio: Return relative to average drawdown	19.15	-1.27	+20.42

CASY vs. MSTR - Sharpe Ratio Comparison

The current CASY Sharpe Ratio is 2.51, which is higher than the MSTR Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of CASY 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.

Drawdowns

CASY vs. MSTR - Drawdown Comparison

The maximum CASY drawdown since its inception was -74.32%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for CASY and MSTR.

Drawdown Indicators

	CASY	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-74.32%	-99.86%	+25.54%
Max Drawdown (1Y) Largest decline over 1 year	-16.07%	-76.53%	+60.46%
Max Drawdown (3Y) Largest decline over 3 years	-16.07%	-77.42%	+61.35%
Max Drawdown (5Y) Largest decline over 5 years	-17.13%	-84.11%	+66.98%
Max Drawdown (10Y) Largest decline over 10 years	-33.41%	-89.27%	+55.86%
Current Drawdown Current decline from peak	-2.31%	-73.84%	+71.53%
Average Drawdown Average peak-to-trough decline	-15.15%	-86.45%	+71.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	53.01%	-48.96%

Volatility

CASY vs. MSTR - Volatility Comparison

Casey's General Stores, Inc. (CASY) and Strategy Inc (MSTR) have volatilities of 20.67% and 21.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CASY	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.67%	21.60%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	25.59%	57.34%	-31.75%
Volatility (1Y) Calculated over the trailing 1-year period	30.95%	71.15%	-40.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.79%	90.79%	-63.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.13%	73.80%	-45.67%

Dividends

CASY vs. MSTR - Dividend Comparison

CASY's dividend yield for the trailing twelve months is around 0.25%, while MSTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CASY Casey's General Stores, Inc.	0.25%	0.39%	0.47%	0.59%	0.65%	0.69%	0.72%	0.77%	0.86%	0.89%	0.77%	0.70%
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 CASY and MSTR in my portfolio?

CASY and MSTR have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CASY or MSTR?

MSTR has higher volatility (21.60%) compared to CASY (20.67%). In terms of maximum drawdown, CASY dropped -74.32% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

CASY currently has the higher Sharpe Ratio (2.51 vs -0.95), 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.