GLXY.TO vs. MSTR

Last updated Jun 5, 2026

GLXY.TO (Galaxy Digital Holdings Ltd.) and MSTR (Strategy Inc) are both stocks. GLXY.TO operates in Capital Markets (Financial Services), while MSTR operates in Software - Application (Technology). At a 0.31 correlation, their price movements are largely independent.

Performance

GLXY.TO vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Galaxy Digital Holdings Ltd. (GLXY.TO) and Strategy Inc (MSTR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLXY.TO is traded in CAD, while MSTR is traded in USD. To make them comparable, the MSTR values have been converted to CAD using the latest available exchange rates.

Returns By Period

GLXY.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTR

• 1D: 0.00%
• 1M: -30.91%
• YTD: -15.66%
• 6M: -32.27%
• 1Y: -66.00%
• 3Y*: 67.89%
• 5Y*: 24.62%
• 10Y*: 21.56%

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

GLXY.TO vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLXY.TO Galaxy Digital Holdings Ltd.	-8.04%	22.97%	141.92%	166.93%	-82.91%	107.80%	928.30%	6.00%	-20.87%	-33.33%
MSTR Strategy Inc	-13.69%	-49.94%	397.93%	336.33%	-72.15%	38.87%	167.81%	6.16%	5.55%	-37.72%

Correlation

The correlation between GLXY.TO and MSTR is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jun 24, 2009	0.31

The correlation between GLXY.TO and MSTR shifts across timeframes, from 0.31 (all time) to 0.58 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS GLXY.TO : CA$1.16 MSTR : -$40.19
PS Ratio GLXY.TO : 0.14 MSTR : 81.10
Total Revenue (TTM) GLXY.TO : CA$57.33B MSTR : $490.47M
Gross Profit (TTM) GLXY.TO : -CA$151.88M MSTR : $334.08M
EBITDA (TTM) GLXY.TO : CA$194.57M MSTR : $466.93M

Return for Risk

GLXY.TO vs. MSTR — Risk / Return Rank

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

MSTR

MSTR Risk / Return Rank: 8
MSTR Sharpe Ratio Rank: 6
MSTR Sortino Ratio Rank: 4
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.

GLXY.TO vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Galaxy Digital Holdings Ltd. (GLXY.TO) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GLXY.TO	MSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.95	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.37	—

Drawdowns

Drawdown Indicators

	GLXY.TO	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	—	-88.54%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-76.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-77.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-82.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-88.54%	—
Current Drawdown Current decline from peak	—	-73.44%	—
Average Drawdown Average peak-to-trough decline	—	-32.31%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	51.46%	—

Volatility

Volatility by Period

	GLXY.TO	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	69.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	89.17%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	72.46%	—

Dividends

GLXY.TO vs. MSTR - Dividend Comparison

Neither GLXY.TO nor MSTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both GLXY.TO and MSTR in my portfolio?

GLXY.TO and MSTR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.