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 -39.76% vs -71.72% for MSTR. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
EZBC vs. MSTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EZBC achieves a -28.83% return, which is significantly higher than MSTR's -31.66% return.
EZBC
- 1D
- -3.22%
- 1M
- -17.79%
- YTD
- -28.83%
- 6M
- -28.96%
- 1Y
- -39.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- -5.13%
- 1M
- -35.06%
- YTD
- -31.66%
- 6M
- -34.23%
- 1Y
- -71.72%
- 3Y*
- 46.67%
- 5Y*
- 12.28%
- 10Y*
- 19.62%
EZBC vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EZBC Franklin Bitcoin ETF | -28.83% | -6.56% | 87.83% |
MSTR Strategy Inc | -31.66% | -47.53% | 411.99% |
Correlation
The correlation between EZBC and MSTR is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.78 |
The correlation between EZBC and MSTR has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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.
| EZBC | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.80 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.93 | +0.16 |
| Martin ratioReturn relative to average drawdown | -1.30 | -1.32 | +0.02 |
Loading charts...
Drawdowns
EZBC vs. MSTR - Drawdown Comparison
The maximum EZBC drawdown since its inception was -52.07%, 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.
Loading charts...
Drawdown Indicators
| EZBC | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -99.86% | +47.79% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -77.22% | +25.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -78.08% | — |
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 | -50.46% | -78.08% | +27.62% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -86.44% | +69.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.56% | 54.24% | -23.68% |
Volatility
EZBC vs. MSTR - Volatility Comparison
The current volatility for Franklin Bitcoin ETF (EZBC) is 13.04%, while Strategy Inc (MSTR) has a volatility of 22.01%. 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.
Loading charts...
Volatility by Period
| EZBC | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 22.01% | -8.97% |
Volatility (6M)Calculated over the trailing 6-month period | 34.61% | 57.60% | -22.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.23% | 72.03% | -27.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.15% | 90.57% | -40.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.15% | 73.91% | -23.76% |
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 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (22.01%) compared to EZBC (13.04%). In terms of maximum drawdown, EZBC dropped -52.07% vs MSTR's -99.86%.
EZBC currently has the higher Sharpe Ratio (-0.90 vs -1.00), 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.
Find the right allocation for EZBC and MSTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer