GLXY.TO vs. MSTR

Last updated Jul 2, 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). A 0.56 correlation means they provide meaningful diversification when combined.

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: 7.48%
• 1M: -35.76%
• YTD: -36.20%
• 6M: -36.20%
• 1Y: -73.86%
• 3Y*: 43.03%
• 5Y*: 10.92%
• 10Y*: 19.51%

*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
GLXY.TO Galaxy Digital Holdings Ltd.	-8.04%	22.97%	141.92%	166.93%	-82.91%	107.80%	395.45%
MSTR Strategy Inc	-36.20%	-49.93%	397.36%	335.54%	-72.35%	40.06%	203.94%

Correlation

The correlation between GLXY.TO and MSTR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020	0.56

The correlation between GLXY.TO and MSTR shifts across timeframes, from 0.48 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS GLXY.TO : $1.29 MSTR : -$39.78
PS Ratio GLXY.TO : 0.09 MSTR : 59.15
Total Revenue (TTM) GLXY.TO : $57.33B MSTR : $490.47M
Gross Profit (TTM) GLXY.TO : -$151.88M MSTR : $334.08M
EBITDA (TTM) GLXY.TO : $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.

GLXY.TO

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

MSTR

MSTR Risk / Return Rank: 6
MSTR Sharpe Ratio Rank: 5
MSTR Sortino Ratio Rank: 3
MSTR Omega Ratio Rank: 5
MSTR Calmar Ratio Rank: 6
MSTR Martin Ratio Rank: 11

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.

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.

	GLXY.TO	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.00	—
Sortino ratio: Return per unit of downside risk	—	-2.01	—
Omega ratio: Gain probability vs. loss probability	—	0.79	—
Calmar ratio: Return relative to maximum drawdown	—	-0.91	—
Martin ratio: Return relative to average drawdown	—	-1.33	—

Drawdowns

Drawdown Indicators

	GLXY.TO	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	—	-88.54%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-81.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-82.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-82.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-88.54%	—
Current Drawdown Current decline from peak	—	-79.92%	—
Average Drawdown Average peak-to-trough decline	—	-34.37%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	55.36%	—

Volatility

Volatility by Period

	GLXY.TO	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	60.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	74.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	90.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	74.35%	—

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 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.