ETH-USD vs. MSTR
ETH-USD (Ethereum) is a cryptocurrency, while MSTR (Strategy Inc) is a stock. Over the past 10 years, ETH-USD returned 55.37%/yr vs 20.92%/yr for MSTR. At a 0.29 correlation, their price movements are largely independent.
Performance
ETH-USD vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -42.02% return, which is significantly lower than MSTR's -18.41% return. Over the past 10 years, ETH-USD has outperformed MSTR with an annualized return of 55.37%, while MSTR has yielded a comparatively lower 20.92% annualized return.
ETH-USD
- 1D
- 2.38%
- 1M
- -22.62%
- YTD
- -42.02%
- 6M
- -43.84%
- 1Y
- -32.06%
- 3Y*
- 1.09%
- 5Y*
- -7.52%
- 10Y*
- 55.37%
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%
ETH-USD vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETH-USD Ethereum | -42.02% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
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 ETH-USD and MSTR is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.29 |
Over the past year, ETH-USD and MSTR have become more correlated (0.55) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
ETH-USD vs. MSTR — Risk / Return Rank
ETH-USD
MSTR
ETH-USD vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.
| ETH-USD | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.82 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.88 | +0.41 |
| Martin ratioReturn relative to average drawdown | -0.81 | -1.27 | +0.46 |
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Drawdowns
ETH-USD vs. MSTR - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for ETH-USD and MSTR.
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Drawdown Indicators
| ETH-USD | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -99.86% | +5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -76.53% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -77.42% | +9.89% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -84.11% | +4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | -89.27% | -4.74% |
Current DrawdownCurrent decline from peak | -64.39% | -73.84% | +9.45% |
Average DrawdownAverage peak-to-trough decline | -50.90% | -86.45% | +35.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.67% | 53.01% | -7.34% |
Volatility
ETH-USD vs. MSTR - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 17.43%, while Strategy Inc (MSTR) has a volatility of 21.60%. This indicates that ETH-USD 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.
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Volatility by Period
| ETH-USD | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.43% | 21.60% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 46.35% | 57.34% | -10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.08% | 71.15% | -15.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.55% | 90.79% | -31.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.88% | 73.80% | +4.08% |
Frequently Asked Questions
ETH-USD and MSTR have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.60%) compared to ETH-USD (17.43%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs MSTR's -99.86%.
ETH-USD currently has the higher Sharpe Ratio (-0.48 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.
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