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 -51.10%/yr vs 21.16%/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 7.26% return, which is significantly higher than MSTR's -16.72% return.
ICP-USD
- 1D
- 1.54%
- 1M
- 28.79%
- YTD
- 7.26%
- 6M
- -18.68%
- 1Y
- -42.92%
- 3Y*
- -14.09%
- 5Y*
- -51.10%
- 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%
ICP-USD vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICP-USD Internet Computer | 7.26% | -71.20% | -25.93% | 237.58% | -83.87% | -94.28% |
MSTR Strategy Inc | -16.72% | -47.53% | 358.54% | 346.15% | -74.00% | -12.24% |
Correlation
The correlation between ICP-USD and MSTR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
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 10, 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.
| ICP-USD | MSTR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | -0.96 | +0.57 |
Sortino ratioReturn per unit of downside risk | 0.01 | -1.75 | +1.76 |
Omega ratioGain probability vs. loss probability | 1.00 | 0.81 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.88 | +0.32 |
Martin ratioReturn relative to average drawdown | -0.81 | -1.31 | +0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICP-USD | MSTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | -0.96 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.23 | -0.71 |
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
ICP-USD vs. MSTR - Drawdown Comparison
The maximum ICP-USD drawdown since its inception was -99.51%, 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 | -99.51% | -99.86% | +0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -76.70% | -76.53% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -89.03% | -77.42% | -11.61% |
Max Drawdown (5Y)Largest decline over 5 years | -98.01% | -84.11% | -13.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -99.29% | -73.29% | -26.00% |
Average DrawdownAverage peak-to-trough decline | -96.61% | -86.48% | -10.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.46% | 51.59% | +9.87% |
Volatility
ICP-USD vs. MSTR - Volatility Comparison
Internet Computer (ICP-USD) has a higher volatility of 34.91% compared to Strategy Inc (MSTR) at 19.43%. This indicates that ICP-USD'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.
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Volatility by Period
| ICP-USD | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.91% | 19.43% | +15.48% |
Volatility (6M)Calculated over the trailing 6-month period | 67.08% | 56.49% | +10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.25% | 70.30% | +19.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.69% | 90.79% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.70% | 73.70% | +19.00% |
Frequently Asked Questions
ICP-USD and MSTR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICP-USD has higher volatility (34.91%) compared to MSTR (19.43%). In terms of maximum drawdown, ICP-USD dropped -99.51% vs MSTR's -99.86%.
ICP-USD currently has the higher Sharpe Ratio (-0.40 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.
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