FOF vs. STRC

Last updated Aug 1, 2026

FOF (Cohen & Steers Closed-End Opportunity Fund) is Large Cap Value Equities fund actively managed by Cohen & Steers, while STRC (Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock) is a stock. Over the past year, FOF returned 14.44% vs 8.05% for STRC. Their 0.18 correlation means their historical movements had little consistent relationship.

Performance

FOF vs. STRC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Closed-End Opportunity Fund (FOF) and Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOF achieves a 7.58% return, which is significantly higher than STRC's -1.42% return.

FOF

• 1D: 0.37%
• 1M: -0.97%
• 6M: -4.86%
• YTD: 7.58%
• 1Y: 14.44%
• 3Y*: 16.39%
• 5Y*: 7.53%
• 10Y*: 10.42%
• ALL TIME*: 6.89%

STRC

• 1D: 0.52%
• 1M: 2.97%
• 6M: -2.51%
• YTD: -1.42%
• 1Y: 8.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FOF Cohen & Steers Closed-End Opportunity Fund	$558.96K	$586.46K	$703.32K
STRC Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock	$103.85M	$114.18M	$295.45M

FOF vs. STRC - Yearly Performance Comparison

	2026 (YTD)	2025
FOF Cohen & Steers Closed-End Opportunity Fund	7.58%	6.29%
STRC Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock	-1.42%	10.08%

Correlation

The correlation between FOF and STRC is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.18

Return for Risk

FOF vs. STRC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FOF

FOF Risk / Return Rank: 27
FOF Sharpe Ratio Rank: 31
FOF Sortino Ratio Rank: 31
FOF Omega Ratio Rank: 31
FOF Calmar Ratio Rank: 20
FOF Martin Ratio Rank: 20

STRC

STRC Risk / Return Rank: 57
STRC Sharpe Ratio Rank: 58
STRC Sortino Ratio Rank: 51
STRC Omega Ratio Rank: 59
STRC Calmar Ratio Rank: 53
STRC Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FOF vs. STRC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Closed-End Opportunity Fund (FOF) and Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). 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.

	FOF	STRC	Difference
Sharpe ratio: Return per unit of total volatility	0.99	0.35	+0.64
Sortino ratio: Return per unit of downside risk	1.45	0.67	+0.78
Omega ratio: Gain probability vs. loss probability	1.18	1.13	+0.06
Calmar ratio: Return relative to maximum drawdown	0.93	0.33	+0.60
Martin ratio: Return relative to average drawdown	2.74	1.81	+0.94

FOF vs. STRC - Sharpe Ratio Comparison

The current FOF Sharpe Ratio is 0.99, which is higher than the STRC Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of FOF and STRC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FOF vs. STRC - Drawdown Comparison

The maximum FOF drawdown since its inception was -59.38%, which is greater than STRC's maximum drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for FOF and STRC.

Drawdown Indicators

	FOF	STRC	Difference
Max Drawdown Largest peak-to-trough decline	-59.38%	-23.49%	-35.89%
Max Drawdown (1Y) Largest decline over 1 year	-15.07%	-23.49%	+8.42%
Max Drawdown (3Y) Largest decline over 3 years	-18.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.74%	—	—
Current Drawdown Current decline from peak	-6.06%	-6.63%	+0.57%
Average Drawdown Average peak-to-trough decline	-9.32%	-1.92%	-7.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.08%	4.25%	+0.83%

Volatility

FOF vs. STRC - Volatility Comparison

The current volatility for Cohen & Steers Closed-End Opportunity Fund (FOF) is 3.07%, while Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) has a volatility of 7.15%. This indicates that FOF experiences smaller price fluctuations and is considered to be less risky than STRC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOF	STRC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	7.15%	-4.08%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	20.47%	-8.73%
Volatility (1Y) Calculated over the trailing 1-year period	14.16%	22.25%	-8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.01%	22.22%	-4.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	22.22%	-1.88%

Dividends

FOF vs. STRC - Dividend Comparison

FOF's dividend yield for the trailing twelve months is around 7.68%, less than STRC's 13.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOF Cohen & Steers Closed-End Opportunity Fund	7.68%	7.91%	8.22%	9.32%	9.99%	7.06%	8.41%	7.78%	9.41%	7.84%	8.90%	9.49%
STRC Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock	13.84%	4.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FOF and STRC in my portfolio?

FOF and STRC have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOF or STRC?

STRC has higher volatility (7.15%) compared to FOF (3.07%). In terms of maximum drawdown, FOF dropped -59.38% vs STRC's -23.49%.

Which has better risk-adjusted returns?

FOF currently has the higher Sharpe Ratio (0.99 vs 0.35), 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.