CIFR vs. MSTR
CIFR (Cipher Digital Inc.) and MSTR (Strategy Inc) are both stocks. Both are in the Technology sector — CIFR in Information Technology Services, MSTR in Software - Application. Over the past 3 years, CIFR returned 113.29%/yr vs 49.27%/yr for MSTR. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
CIFR vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, CIFR achieves a 90.65% return, which is significantly higher than MSTR's -27.96% return.
CIFR
- 1D
- -3.56%
- 1M
- 28.08%
- YTD
- 90.65%
- 6M
- 72.22%
- 1Y
- 642.48%
- 3Y*
- 113.29%
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -2.73%
- 1M
- -31.54%
- YTD
- -27.96%
- 6M
- -33.39%
- 1Y
- -70.39%
- 3Y*
- 49.27%
- 5Y*
- 14.63%
- 10Y*
- 20.25%
CIFR vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CIFR Cipher Digital Inc. | 90.65% | 218.10% | 12.35% | 637.50% | -87.90% | -54.65% |
MSTR Strategy Inc | -27.96% | -47.53% | 358.54% | 346.15% | -74.00% | -23.01% |
Correlation
The correlation between CIFR and MSTR is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.53 |
The correlation between CIFR and MSTR has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
Fundamentals
CIFR:
$11.40B
MSTR:
$36.55B
CIFR:
-$2.33
MSTR:
-$40.19
CIFR:
61.84
MSTR:
68.62
CIFR:
15.96
MSTR:
1.00
CIFR:
$174.98M
MSTR:
$490.47M
CIFR:
-$172.84M
MSTR:
$334.08M
CIFR:
-$169.22M
MSTR:
$466.93M
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Return for Risk
CIFR vs. MSTR — Risk / Return Rank
CIFR
MSTR
CIFR vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cipher Digital Inc. (CIFR) 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.
| CIFR | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.92 | ||
| Sortino ratioReturn per unit of downside risk | +5.98 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.80 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 12.62 | -0.92 | +13.54 |
| Martin ratioReturn relative to average drawdown | 25.32 | -1.30 | +26.63 |
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Drawdowns
CIFR vs. MSTR - Drawdown Comparison
The maximum CIFR drawdown since its inception was -97.16%, roughly equal to the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for CIFR and MSTR.
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Drawdown Indicators
| CIFR | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -99.86% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -51.38% | -76.53% | +25.15% |
Max Drawdown (3Y)Largest decline over 3 years | -71.74% | -77.42% | +5.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -3.56% | -76.90% | +73.34% |
Average DrawdownAverage peak-to-trough decline | -65.97% | -86.45% | +20.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.56% | 54.03% | -28.47% |
Volatility
CIFR vs. MSTR - Volatility Comparison
Cipher Digital Inc. (CIFR) has a higher volatility of 30.15% compared to Strategy Inc (MSTR) at 21.83%. This indicates that CIFR's price experiences larger fluctuations and is considered to be riskier 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
| CIFR | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.15% | 21.83% | +8.32% |
Volatility (6M)Calculated over the trailing 6-month period | 70.74% | 57.40% | +13.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.50% | 72.01% | +37.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.85% | 90.54% | +31.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 121.85% | 73.91% | +47.94% |
Dividends
CIFR vs. MSTR - Dividend Comparison
Neither CIFR nor MSTR has paid dividends to shareholders.
Financials
CIFR vs. MSTR - Financials Comparison
This section allows you to compare key financial metrics between Cipher Digital Inc. 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
CIFR and MSTR have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIFR has higher volatility (30.15%) compared to MSTR (21.83%). In terms of maximum drawdown, CIFR dropped -97.16% vs MSTR's -99.86%.
CIFR currently has the higher Sharpe Ratio (5.93 vs -0.98), 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.
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