IREN vs. STRD

Last updated Jun 16, 2026

IREN (IREN Limited) and STRD (MicroStrategy Incorporated) are both stocks. IREN operates in Capital Markets (Financial Services), while STRD operates in Software - Application (Technology). At a 0.46 correlation, their price movements are largely independent.

Performance

IREN vs. STRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IREN Limited (IREN) and MicroStrategy Incorporated (STRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IREN

• 1D: 1.81%
• 1M: 14.94%
• YTD: 61.11%
• 6M: 71.51%
• 1Y: 519.02%
• 3Y*: 161.06%
• 5Y*: —
• 10Y*: —

STRD

• 1D: -4.57%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IREN vs. STRD - Yearly Performance Comparison

	2026 (YTD)
IREN IREN Limited	-10.30%
STRD MicroStrategy Incorporated	-6.53%

Correlation

The correlation between IREN and STRD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.46

Fundamentals

EPS IREN : $0.45 STRD : -$38.95
PS Ratio IREN : 13.63 STRD : 43.47
Total Revenue (TTM) IREN : $757.07M STRD : $490.47M
Gross Profit (TTM) IREN : $433.88M STRD : $334.08M
EBITDA (TTM) IREN : -$173.05M STRD : $520.73M

Return for Risk

IREN vs. STRD — Risk / Return Rank

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

IREN

IREN Risk / Return Rank: 95
IREN Sharpe Ratio Rank: 99
IREN Sortino Ratio Rank: 94
IREN Omega Ratio Rank: 91
IREN Calmar Ratio Rank: 97
IREN Martin Ratio Rank: 94

STRD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IREN vs. STRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IREN Limited (IREN) and MicroStrategy Incorporated (STRD). 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.

	IREN	STRD	Difference
Sharpe ratio: Return per unit of total volatility	5.08	—	—
Sortino ratio: Return per unit of downside risk	3.74	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	8.93	—	—
Martin ratio: Return relative to average drawdown	16.98	—	—

Drawdowns

IREN vs. STRD - Drawdown Comparison

The maximum IREN drawdown since its inception was -96.21%, which is greater than STRD's maximum drawdown of -7.26%. Use the drawdown chart below to compare losses from any high point for IREN and STRD.

Drawdown Indicators

	IREN	STRD	Difference
Max Drawdown Largest peak-to-trough decline	-96.21%	-7.26%	-88.95%
Max Drawdown (1Y) Largest decline over 1 year	-58.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-65.56%	—	—
Current Drawdown Current decline from peak	-20.36%	-6.53%	-13.83%
Average Drawdown Average peak-to-trough decline	-65.38%	-4.51%	-60.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.77%	—	—

Volatility

Volatility by Period

	IREN	STRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	75.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	103.35%	37.84%	+65.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.56%	37.84%	+80.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.56%	37.84%	+80.72%

Dividends

IREN vs. STRD - Dividend Comparison

Neither IREN nor STRD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both IREN and STRD in my portfolio?

IREN and STRD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.