CORZZ vs. MSTR

Last updated Apr 1, 2026

Compare and contrast key facts about Core Scientific Inc. Tranche 2 Warrants (CORZZ) and MicroStrategy Incorporated (MSTR).

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 MicroStrategy Incorporated (MSTR). The values are adjusted to include any dividend payments, if applicable.

CORZZ vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORZZ Core Scientific Inc. Tranche 2 Warrants	3.16%	3.71%	754.72%
MSTR MicroStrategy Incorporated	-17.87%	-47.53%	542.19%

Fundamentals

Market Cap CORZZ : $6.97B MSTR : $36.69B
EPS CORZZ : -$0.79 MSTR : -$13.50
PS Ratio CORZZ : 17.26 MSTR : 78.11
Total Revenue (TTM) CORZZ : $319.02M MSTR : $477.23M
Gross Profit (TTM) CORZZ : $37.90M MSTR : $327.82M
EBITDA (TTM) CORZZ : -$162.48M MSTR : -$5.44B

Returns By Period

In the year-to-date period, CORZZ achieves a 3.16% return, which is significantly higher than MSTR's -17.87% return.

CORZZ

• 1D: 9.41%
• 1M: -9.75%
• YTD: 3.16%
• 6M: -16.39%
• 1Y: 108.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTR

• 1D: 2.77%
• 1M: -3.63%
• YTD: -17.87%
• 6M: -61.27%
• 1Y: -56.71%
• 3Y*: 62.23%
• 5Y*: 12.15%
• 10Y*: 21.18%

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

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: 81
CORZZ Sharpe Ratio Rank: 82
CORZZ Sortino Ratio Rank: 81
CORZZ Omega Ratio Rank: 79
CORZZ Calmar Ratio Rank: 83
CORZZ Martin Ratio Rank: 77

MSTR

MSTR Risk / Return Rank: 13
MSTR Sharpe Ratio Rank: 10
MSTR Sortino Ratio Rank: 10
MSTR Omega Ratio Rank: 12
MSTR Calmar Ratio Rank: 16
MSTR Martin Ratio Rank: 17

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 MicroStrategy Incorporated (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	1.38	-0.77	+2.15
Sortino ratio Return per unit of downside risk	2.14	-1.12	+3.26
Omega ratio Gain probability vs. loss probability	1.27	0.87	+0.40
Calmar ratio Return relative to maximum drawdown	2.53	-0.74	+3.27
Martin ratio Return relative to average drawdown	4.86	-1.29	+6.16
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 1.38, which is higher than the MSTR Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of CORZZ and MSTR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CORZZ	MSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	-0.77	+2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.12	+1.65

Correlation

The correlation between CORZZ and MSTR is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CORZZ vs. MSTR - Dividend Comparison

Neither CORZZ nor MSTR has paid dividends to shareholders.

Tickers have no history of dividend payments

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 (5Y) Largest decline over 5 years	—	-84.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.27%	—
Current Drawdown Current decline from peak	-34.78%	-73.66%	+38.88%
Average Drawdown Average peak-to-trough decline	-22.49%	-86.60%	+64.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.00%	43.98%	-22.98%

Volatility

CORZZ vs. MSTR - Volatility Comparison

Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 21.70% compared to MicroStrategy Incorporated (MSTR) at 18.69%. This indicates that CORZZ'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.

Volatility by Period

	CORZZ	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.70%	18.69%	+3.01%
Volatility (6M) Calculated over the trailing 6-month period	48.87%	55.56%	-6.69%
Volatility (1Y) Calculated over the trailing 1-year period	79.58%	74.10%	+5.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.88%	91.30%	+8.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.88%	73.16%	+26.72%

Financials