ICP-USD vs. MSTR
ICP-USD (Internet Computer) is a cryptocurrency, while MSTR (Strategy Inc) is a stock. Over the past 5 years, ICP-USD returned -43.20%/yr vs 10.45%/yr for MSTR. At a 0.40 correlation, their price movements are largely independent.
Performance
ICP-USD vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, ICP-USD achieves a -23.13% return, which is significantly higher than MSTR's -39.39% return.
ICP-USD
- 1D
- -1.71%
- 1M
- -13.01%
- 6M
- -29.88%
- YTD
- -23.13%
- 1Y
- -60.10%
- 3Y*
- -19.99%
- 5Y*
- -43.20%
- 10Y*
- —
MSTR
- 1D
- -2.68%
- 1M
- -25.71%
- 6M
- -43.23%
- YTD
- -39.39%
- 1Y
- -78.81%
- 3Y*
- 26.14%
- 5Y*
- 10.45%
- 10Y*
- 17.27%
ICP-USD vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICP-USD Internet Computer | -23.13% | -71.20% | -25.93% | 237.58% | -83.87% | -96.12% |
MSTR Strategy Inc | -39.39% | -47.53% | 358.54% | 346.15% | -74.00% | -12.24% |
Correlation
The correlation between ICP-USD and MSTR is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 9, 2021 | 0.40 |
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Return for Risk
ICP-USD vs. MSTR — Risk / Return Rank
ICP-USD
MSTR
ICP-USD vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Internet Computer (ICP-USD) 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.
| ICP-USD | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.76 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.96 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.03 | -1.38 | +0.35 |
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Drawdowns
ICP-USD vs. MSTR - Drawdown Comparison
The maximum ICP-USD drawdown since its inception was -99.67%, roughly equal to the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for ICP-USD and MSTR.
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Drawdown Indicators
| ICP-USD | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -99.86% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -76.70% | -81.95% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -89.03% | -82.63% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -97.38% | -84.11% | -13.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -99.65% | -80.56% | -19.09% |
Average DrawdownAverage peak-to-trough decline | -97.71% | -86.43% | -11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.58% | 57.18% | +10.40% |
Volatility
ICP-USD vs. MSTR - Volatility Comparison
The current volatility for Internet Computer (ICP-USD) is 12.63%, while Strategy Inc (MSTR) has a volatility of 26.76%. This indicates that ICP-USD 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.
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Volatility by Period
| ICP-USD | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.63% | 26.76% | -14.13% |
Volatility (6M)Calculated over the trailing 6-month period | 65.78% | 61.05% | +4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.41% | 74.29% | +16.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.53% | 90.78% | -4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.93% | 74.25% | +18.68% |
Frequently Asked Questions
ICP-USD and MSTR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (26.76%) compared to ICP-USD (12.63%). In terms of maximum drawdown, ICP-USD dropped -99.67% vs MSTR's -99.86%.
ICP-USD currently has the higher Sharpe Ratio (-0.55 vs -1.06), 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.
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