DECK vs. MSTR

Last updated Jun 9, 2026

DECK (Deckers Outdoor Corporation) and MSTR (Strategy Inc) are both stocks. DECK operates in Footwear & Accessories (Consumer Cyclical), while MSTR operates in Software - Application (Technology). Over the past 10 years, DECK returned 28.25%/yr vs 21.08%/yr for MSTR. At a 0.24 correlation, their price movements are largely independent.

Performance

DECK vs. MSTR - Performance Comparison

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

Returns By Period

In the year-to-date period, DECK achieves a 5.85% return, which is significantly higher than MSTR's -16.29% return. Over the past 10 years, DECK has outperformed MSTR with an annualized return of 28.25%, while MSTR has yielded a comparatively lower 21.08% annualized return.

DECK

• 1D: 1.48%
• 1M: 9.27%
• YTD: 5.85%
• 6M: 8.42%
• 1Y: 0.47%
• 3Y*: 10.47%
• 5Y*: 15.25%
• 10Y*: 28.25%

MSTR

• 1D: 5.61%
• 1M: -32.19%
• YTD: -16.29%
• 6M: -30.75%
• 1Y: -66.03%
• 3Y*: 65.16%
• 5Y*: 19.92%
• 10Y*: 21.08%

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

DECK vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DECK Deckers Outdoor Corporation	5.85%	-48.95%	82.30%	67.46%	8.97%	27.73%	69.83%	31.97%	59.44%	44.88%
MSTR Strategy Inc	-16.29%	-47.53%	358.54%	346.15%	-74.00%	40.13%	172.42%	11.65%	-2.70%	-33.49%

Correlation

The correlation between DECK and MSTR is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 12, 1998	0.24

The correlation between DECK and MSTR shifts across timeframes, from 0.19 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DECK : $15.53B MSTR : $42.47B
EPS DECK : $6.98 MSTR : -$40.19
PS Ratio DECK : 2.94 MSTR : 79.74
PB Ratio DECK : 6.21 MSTR : 1.16
Total Revenue (TTM) DECK : $5.47B MSTR : $490.47M
Gross Profit (TTM) DECK : $3.16B MSTR : $334.08M
EBITDA (TTM) DECK : $1.31B MSTR : $466.93M

Return for Risk

DECK vs. MSTR — Risk / Return Rank

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

DECK

DECK Risk / Return Rank: 41
DECK Sharpe Ratio Rank: 42
DECK Sortino Ratio Rank: 39
DECK Omega Ratio Rank: 39
DECK Calmar Ratio Rank: 43
DECK Martin Ratio Rank: 42

MSTR

MSTR Risk / Return Rank: 8
MSTR Sharpe Ratio Rank: 6
MSTR Sortino Ratio Rank: 5
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.

DECK vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deckers Outdoor Corporation (DECK) 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.

	DECK	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	0.01	-0.94	+0.95
Sortino ratio: Return per unit of downside risk	0.36	-1.66	+2.02
Omega ratio: Gain probability vs. loss probability	1.04	0.82	+0.22
Calmar ratio: Return relative to maximum drawdown	0.01	-0.86	+0.88
Martin ratio: Return relative to average drawdown	0.03	-1.27	+1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DECK vs. MSTR - Sharpe Ratio Comparison

The current DECK Sharpe Ratio is 0.01, which is higher than the MSTR Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of DECK 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

	DECK	MSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	-0.94	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.22	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.29	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.12	+0.12

Drawdowns

DECK vs. MSTR - Drawdown Comparison

The maximum DECK drawdown since its inception was -94.36%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for DECK and MSTR.

Drawdown Indicators

	DECK	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-94.36%	-99.86%	+5.50%
Max Drawdown (1Y) Largest decline over 1 year	-35.81%	-76.53%	+40.72%
Max Drawdown (3Y) Largest decline over 3 years	-64.35%	-77.42%	+13.07%
Max Drawdown (5Y) Largest decline over 5 years	-64.35%	-84.11%	+19.76%
Max Drawdown (10Y) Largest decline over 10 years	-64.35%	-89.27%	+24.92%
Current Drawdown Current decline from peak	-50.82%	-73.15%	+22.33%
Average Drawdown Average peak-to-trough decline	-40.35%	-86.47%	+46.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.94%	52.19%	-35.25%

Volatility

DECK vs. MSTR - Volatility Comparison

The current volatility for Deckers Outdoor Corporation (DECK) is 11.51%, while Strategy Inc (MSTR) has a volatility of 21.43%. This indicates that DECK 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

	DECK	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.51%	21.43%	-9.92%
Volatility (6M) Calculated over the trailing 6-month period	31.06%	56.80%	-25.74%
Volatility (1Y) Calculated over the trailing 1-year period	45.42%	70.82%	-25.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.98%	90.87%	-46.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.47%	73.77%	-31.30%

Dividends

DECK vs. MSTR - Dividend Comparison

Neither DECK nor MSTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both DECK and MSTR in my portfolio?

DECK and MSTR have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DECK or MSTR?

MSTR has higher volatility (21.43%) compared to DECK (11.51%). In terms of maximum drawdown, DECK dropped -94.36% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

DECK currently has the higher Sharpe Ratio (0.01 vs -0.94), 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.