CORZZ vs. MSTR

Last updated Jun 4, 2026

CORZZ (Core Scientific Inc. Tranche 2 Warrants) and MSTR (Strategy Inc) are both stocks. Both are in the Technology sector — CORZZ in Software - Infrastructure, MSTR in Software - Application. Over the past year, CORZZ returned 146.16% vs -67.34% for MSTR. At a 0.45 correlation, their price movements are largely independent.

Performance

CORZZ vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Core Scientific Inc. Tranche 2 Warrants (CORZZ) and Strategy Inc (MSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CORZZ achieves a 100.14% return, which is significantly higher than MSTR's -16.72% return.

CORZZ

• 1D: 0.34%
• 1M: 38.11%
• YTD: 100.14%
• 6M: 76.79%
• 1Y: 146.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

CORZZ vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORZZ Core Scientific Inc. Tranche 2 Warrants	100.14%	3.71%	754.72%
MSTR Strategy Inc	-16.72%	-47.53%	542.19%

Correlation

The correlation between CORZZ and MSTR is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.45

Fundamentals

Market Cap CORZZ : $9.40B MSTR : $42.26B
EPS CORZZ : -$3.81 MSTR : -$40.19
PS Ratio CORZZ : 26.20 MSTR : 79.33
Total Revenue (TTM) CORZZ : $354.74M MSTR : $490.47M
Gross Profit (TTM) CORZZ : $59.79M MSTR : $334.08M
EBITDA (TTM) CORZZ : $78.17M MSTR : $466.93M

Return for Risk

CORZZ vs. MSTR — Risk / Return Rank

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

CORZZ

CORZZ Risk / Return Rank: 84
CORZZ Sharpe Ratio Rank: 87
CORZZ Sortino Ratio Rank: 83
CORZZ Omega Ratio Rank: 82
CORZZ Calmar Ratio Rank: 86
CORZZ Martin Ratio Rank: 80

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.

CORZZ vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Core Scientific Inc. Tranche 2 Warrants (CORZZ) 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.

	CORZZ	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	2.01	-0.96	+2.97
Sortino ratio: Return per unit of downside risk	2.61	-1.75	+4.36
Omega ratio: Gain probability vs. loss probability	1.33	0.81	+0.52
Calmar ratio: Return relative to maximum drawdown	3.64	-0.88	+4.52
Martin ratio: Return relative to average drawdown	6.91	-1.31	+8.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CORZZ vs. MSTR - Sharpe Ratio Comparison

The current CORZZ Sharpe Ratio is 2.01, which is higher than the MSTR Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of CORZZ 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

	CORZZ	MSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	-0.96	+2.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.48	0.12	+2.35

Drawdowns

CORZZ vs. MSTR - Drawdown Comparison

The maximum CORZZ drawdown since its inception was -65.20%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for CORZZ and MSTR.

Drawdown Indicators

	CORZZ	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-65.20%	-99.86%	+34.66%
Max Drawdown (1Y) Largest decline over 1 year	-40.39%	-76.53%	+36.14%
Max Drawdown (3Y) Largest decline over 3 years	—	-77.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-84.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.27%	—
Current Drawdown Current decline from peak	0.00%	-73.29%	+73.29%
Average Drawdown Average peak-to-trough decline	-21.57%	-86.48%	+64.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.25%	51.59%	-30.34%

Volatility

CORZZ vs. MSTR - Volatility Comparison

Core Scientific Inc. Tranche 2 Warrants (CORZZ) and Strategy Inc (MSTR) have volatilities of 19.79% and 19.43%, 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

	CORZZ	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.79%	19.43%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	47.31%	56.49%	-9.18%
Volatility (1Y) Calculated over the trailing 1-year period	73.59%	70.30%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.36%	90.79%	+6.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.36%	73.70%	+23.66%

Dividends

CORZZ vs. MSTR - Dividend Comparison

Neither CORZZ nor MSTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CORZZ and MSTR in my portfolio?

CORZZ and MSTR have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CORZZ or MSTR?

CORZZ has higher volatility (19.79%) compared to MSTR (19.43%). In terms of maximum drawdown, CORZZ dropped -65.20% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

CORZZ currently has the higher Sharpe Ratio (2.01 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.