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 -42.33%/yr vs 12.28%/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 -22.25% return, which is significantly higher than MSTR's -31.66% return.
ICP-USD
- 1D
- -1.39%
- 1M
- -13.73%
- YTD
- -22.25%
- 6M
- -27.25%
- 1Y
- -55.59%
- 3Y*
- -19.73%
- 5Y*
- -42.33%
- 10Y*
- —
MSTR
- 1D
- -5.13%
- 1M
- -35.06%
- YTD
- -31.66%
- 6M
- -34.23%
- 1Y
- -71.72%
- 3Y*
- 46.67%
- 5Y*
- 12.28%
- 10Y*
- 19.62%
ICP-USD vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICP-USD Internet Computer | -22.25% | -71.20% | -25.93% | 237.58% | -83.87% | -96.12% |
MSTR Strategy Inc | -31.66% | -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 | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.80 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.93 | +0.21 |
| Martin ratioReturn relative to average drawdown | -1.00 | -1.32 | +0.32 |
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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% | -77.22% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -89.03% | -78.08% | -10.95% |
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% | -78.08% | -21.57% |
Average DrawdownAverage peak-to-trough decline | -97.69% | -86.44% | -11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.19% | 54.24% | +9.95% |
Volatility
ICP-USD vs. MSTR - Volatility Comparison
Internet Computer (ICP-USD) has a higher volatility of 28.72% compared to Strategy Inc (MSTR) at 22.01%. 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 | 28.72% | 22.01% | +6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 66.29% | 57.60% | +8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.13% | 72.03% | +19.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.68% | 90.57% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.35% | 73.91% | +19.44% |
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.
ICP-USD has higher volatility (28.72%) compared to MSTR (22.01%). In terms of maximum drawdown, ICP-USD dropped -99.67% vs MSTR's -99.86%.
ICP-USD currently has the higher Sharpe Ratio (-0.51 vs -1.00), 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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