GREE vs. MSTR

Last updated Jun 4, 2026

GREE (Greenidge Generation Holdings Inc.) and MSTR (Strategy Inc) are both stocks. GREE operates in Capital Markets (Financial Services), while MSTR operates in Software - Application (Technology). Over the past 3 years, GREE returned -11.13%/yr vs 61.19%/yr for MSTR. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

GREE vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Greenidge Generation Holdings Inc. (GREE) and Strategy Inc (MSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GREE achieves a 3.38% return, which is significantly higher than MSTR's -16.72% return.

GREE

• 1D: -6.13%
• 1M: 30.77%
• YTD: 3.38%
• 6M: -7.27%
• 1Y: -0.00%
• 3Y*: -11.13%
• 5Y*: —
• 10Y*: —

MSTR

• 1D: -7.01%
• 1M: -31.15%
• YTD: -16.72%
• 6M: -32.83%
• 1Y: -67.34%
• 3Y*: 61.19%
• 5Y*: 21.16%
• 10Y*: 20.96%

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

GREE vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GREE Greenidge Generation Holdings Inc.	3.38%	-4.52%	-76.90%	132.10%	-98.20%	-71.84%
MSTR Strategy Inc	-16.72%	-47.53%	358.54%	346.15%	-74.00%	-11.96%

Correlation

The correlation between GREE 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	0.49
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021	0.53

The correlation between GREE and MSTR has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.

Fundamentals

Market Cap GREE : $24.41M MSTR : $42.26B
EPS GREE : $0.42 MSTR : -$40.19
PS Ratio GREE : 0.38 MSTR : 79.33
Total Revenue (TTM) GREE : $60.37M MSTR : $490.47M
Gross Profit (TTM) GREE : $21.69M MSTR : $334.08M
EBITDA (TTM) GREE : $18.35M MSTR : $466.93M

Return for Risk

GREE vs. MSTR — Risk / Return Rank

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

GREE

GREE Risk / Return Rank: 44
GREE Sharpe Ratio Rank: 41
GREE Sortino Ratio Rank: 50
GREE Omega Ratio Rank: 47
GREE Calmar Ratio Rank: 40
GREE Martin Ratio Rank: 40

MSTR

MSTR Risk / Return Rank: 6
MSTR Sharpe Ratio Rank: 5
MSTR Sortino Ratio Rank: 3
MSTR Omega Ratio Rank: 6
MSTR Calmar Ratio Rank: 7
MSTR Martin Ratio Rank: 10

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.

GREE vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Greenidge Generation Holdings Inc. (GREE) 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.

	GREE	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	-0.96	+0.96
Sortino ratio: Return per unit of downside risk	0.83	-1.75	+2.59
Omega ratio: Gain probability vs. loss probability	1.10	0.81	+0.28
Calmar ratio: Return relative to maximum drawdown	-0.00	-0.88	+0.88
Martin ratio: Return relative to average drawdown	-0.00	-1.31	+1.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GREE vs. MSTR - Sharpe Ratio Comparison

The current GREE Sharpe Ratio is -0.00, which is higher than the MSTR Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of GREE and MSTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GREE	MSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	-0.96	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.56	0.12	-0.68

Drawdowns

GREE vs. MSTR - Drawdown Comparison

The maximum GREE drawdown since its inception was -99.90%, roughly equal to the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for GREE and MSTR.

Drawdown Indicators

	GREE	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-99.90%	-99.86%	-0.04%
Max Drawdown (1Y) Largest decline over 1 year	-54.22%	-76.53%	+22.31%
Max Drawdown (3Y) Largest decline over 3 years	-92.86%	-77.42%	-15.44%
Max Drawdown (5Y) Largest decline over 5 years	—	-84.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.27%	—
Current Drawdown Current decline from peak	-99.73%	-73.29%	-26.44%
Average Drawdown Average peak-to-trough decline	-95.23%	-86.48%	-8.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.72%	51.59%	-18.87%

Volatility

GREE vs. MSTR - Volatility Comparison

Greenidge Generation Holdings Inc. (GREE) has a higher volatility of 29.02% compared to Strategy Inc (MSTR) at 19.43%. This indicates that GREE's price experiences larger fluctuations and is considered to be riskier than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GREE	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.02%	19.43%	+9.59%
Volatility (6M) Calculated over the trailing 6-month period	66.88%	56.49%	+10.39%
Volatility (1Y) Calculated over the trailing 1-year period	107.55%	70.30%	+37.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.46%	90.79%	+37.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.46%	73.70%	+54.76%

Dividends

GREE vs. MSTR - Dividend Comparison

Neither GREE nor MSTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both GREE and MSTR in my portfolio?

GREE 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.

Which is riskier, GREE or MSTR?

GREE has higher volatility (29.02%) compared to MSTR (19.43%). In terms of maximum drawdown, GREE dropped -99.90% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

GREE currently has the higher Sharpe Ratio (-0.00 vs -0.96), 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.