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 -44.31%/yr vs 8.30%/yr for MSTR. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
ICP-USD vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, ICP-USD achieves a -27.19% return, which is significantly higher than MSTR's -38.61% return.
ICP-USD
- 1D
- 2.18%
- 1M
- -7.73%
- 6M
- -21.21%
- YTD
- -27.19%
- 1Y
- -58.27%
- 3Y*
- -20.03%
- 5Y*
- -44.31%
- 10Y*
- —
- ALL TIME*
- -66.49%
MSTR
- 1D
- -4.56%
- 1M
- -7.43%
- 6M
- -37.69%
- YTD
- -38.61%
- 1Y
- -74.56%
- 3Y*
- 28.96%
- 5Y*
- 8.30%
- 10Y*
- 18.75%
- ALL TIME*
- 9.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ICP-USD Internet Computer | $64.69M | $76.61M | $216.61M |
MSTR Strategy Inc | $1.53B | $1.65B | $2.43B |
ICP-USD vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICP-USD Internet Computer | -27.19% | -71.20% | -25.93% | 237.58% | -83.87% | -96.12% |
MSTR Strategy Inc | -38.61% | -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 historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer 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 | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.78 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.97 | +0.21 |
| Martin ratioReturn relative to average drawdown | -0.96 | -1.38 | +0.42 |
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Drawdowns
ICP-USD vs. MSTR - Drawdown Comparison
The maximum ICP-USD drawdown since its inception was -99.68%, 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 | -99.68% | -99.86% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -77.45% | -79.53% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -89.38% | -82.63% | -6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -97.46% | -84.11% | -13.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -99.67% | -80.31% | -19.36% |
Average DrawdownAverage peak-to-trough decline | -97.73% | -86.42% | -11.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.06% | 55.64% | -13.58% |
Volatility
ICP-USD vs. MSTR - Volatility Comparison
The current volatility for Internet Computer (ICP-USD) is 11.58%, while Strategy Inc (MSTR) has a volatility of 18.58%. 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 | 11.58% | 18.58% | -7.00% |
Volatility (6M)Calculated over the trailing 6-month period | 57.81% | 60.57% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.95% | 75.24% | +14.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.62% | 89.94% | -4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.50% | 74.33% | +18.17% |
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.
MSTR has higher volatility (18.58%) compared to ICP-USD (11.58%). In terms of maximum drawdown, ICP-USD dropped -99.68% vs MSTR's -99.86%.
ICP-USD currently has the higher Sharpe Ratio (-0.54 vs -1.02), 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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