EZBC vs. MSTR
EZBC (Franklin Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while MSTR (Strategy Inc) is a stock. Over the past year, EZBC returned -35.86% vs -63.45% for MSTR. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
EZBC vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, EZBC achieves a -23.26% return, which is significantly lower than MSTR's -10.44% return.
EZBC
- 1D
- -5.96%
- 1M
- -14.30%
- YTD
- -23.26%
- 6M
- -26.35%
- 1Y
- -35.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -9.15%
- 1M
- -23.19%
- YTD
- -10.44%
- 6M
- -24.95%
- 1Y
- -63.45%
- 3Y*
- 65.15%
- 5Y*
- 22.73%
- 10Y*
- 21.84%
EZBC vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EZBC Franklin Bitcoin ETF | -23.26% | -6.56% | 100.18% |
MSTR Strategy Inc | -10.44% | -47.53% | 440.15% |
Correlation
The correlation between EZBC and MSTR is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.78 |
The correlation between EZBC and MSTR has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
EZBC vs. MSTR — Risk / Return Rank
EZBC
MSTR
EZBC vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Bitcoin ETF (EZBC) 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.
| EZBC | MSTR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.83 | -0.91 | +0.08 |
Sortino ratioReturn per unit of downside risk | -1.09 | -1.55 | +0.46 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.83 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.82 | +0.10 |
Martin ratioReturn relative to average drawdown | -1.27 | -1.23 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EZBC | MSTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.83 | -0.91 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.13 | +0.20 |
Drawdowns
EZBC vs. MSTR - Drawdown Comparison
The maximum EZBC drawdown since its inception was -49.37%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for EZBC and MSTR.
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Drawdown Indicators
| EZBC | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.37% | -99.86% | +50.49% |
Max Drawdown (1Y)Largest decline over 1 year | -49.37% | -76.53% | +27.16% |
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 DrawdownCurrent decline from peak | -46.58% | -71.28% | +24.70% |
Average DrawdownAverage peak-to-trough decline | -15.96% | -86.48% | +70.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.26% | 51.39% | -23.13% |
Volatility
EZBC vs. MSTR - Volatility Comparison
The current volatility for Franklin Bitcoin ETF (EZBC) is 9.72%, while Strategy Inc (MSTR) has a volatility of 19.27%. This indicates that EZBC 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
| EZBC | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.72% | 19.27% | -9.55% |
Volatility (6M)Calculated over the trailing 6-month period | 34.80% | 56.14% | -21.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.59% | 69.99% | -26.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.07% | 90.74% | -40.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.07% | 73.68% | -23.61% |
Dividends
EZBC vs. MSTR - Dividend Comparison
Neither EZBC nor MSTR has paid dividends to shareholders.
Frequently Asked Questions
EZBC and MSTR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (19.27%) compared to EZBC (9.72%). In terms of maximum drawdown, EZBC dropped -49.37% vs MSTR's -99.86%.
EZBC currently has the higher Sharpe Ratio (-0.83 vs -0.91), 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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