MARA vs. MSTR
MARA (MARA Holdings, Inc.) and MSTR (Strategy Inc) are both stocks. MARA operates in Capital Markets (Financial Services), while MSTR operates in Software - Application (Technology). Over the past 10 years, MARA returned -13.31%/yr vs 18.75%/yr for MSTR. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
MARA vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, MARA achieves a 26.06% return, which is significantly higher than MSTR's -38.61% return. Over the past 10 years, MARA has underperformed MSTR with an annualized return of -13.31%, while MSTR has yielded a comparatively higher 18.75% annualized return.
MARA
- 1D
- -4.23%
- 1M
- -8.71%
- 6M
- 19.16%
- YTD
- 26.06%
- 1Y
- -26.97%
- 3Y*
- -12.38%
- 5Y*
- -16.34%
- 10Y*
- -13.31%
- ALL TIME*
- -10.28%
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) |
|---|---|---|---|
| $650.73M | $599.97M | $583.47M | |
MSTR Strategy Inc | $1.53B | $1.65B | $2.43B |
MARA vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MARA MARA Holdings, Inc. | 26.06% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -91.17% | -40.41% |
MSTR Strategy Inc | -38.61% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
Correlation
The correlation between MARA and MSTR is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 4, 2012 | 0.43 |
The correlation between MARA and MSTR shifts across timeframes, from 0.43 (all time) to 0.71 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MARA:
$4.32B
MSTR:
$30.86B
MARA:
-$5.07
MSTR:
-$97.96
MARA:
5.24
MSTR:
59.67
MARA:
$867.82M
MSTR:
$498.35M
MARA:
$164.95M
MSTR:
$336.89M
MARA:
$373.68M
MSTR:
-$36.86B
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Return for Risk
MARA vs. MSTR — Risk / Return Rank
MARA
MSTR
MARA vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MARA Holdings, Inc. (MARA) 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.
| MARA | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.78 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.97 | +0.55 |
| Martin ratioReturn relative to average drawdown | -0.66 | -1.38 | +0.72 |
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Drawdowns
MARA vs. MSTR - Drawdown Comparison
The maximum MARA drawdown since its inception was -99.74%, roughly equal to the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for MARA and MSTR.
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Drawdown Indicators
| MARA | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -99.86% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -70.53% | -79.53% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -82.63% | +4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -95.87% | -84.11% | -11.76% |
Max Drawdown (10Y)Largest decline over 10 years | -99.19% | -89.27% | -9.92% |
Current DrawdownCurrent decline from peak | -92.68% | -80.31% | -12.37% |
Average DrawdownAverage peak-to-trough decline | -78.13% | -86.42% | +8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.73% | 55.64% | -10.91% |
Volatility
MARA vs. MSTR - Volatility Comparison
MARA Holdings, Inc. (MARA) has a higher volatility of 31.27% compared to Strategy Inc (MSTR) at 18.58%. This indicates that MARA'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
| MARA | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.27% | 18.58% | +12.69% |
Volatility (6M)Calculated over the trailing 6-month period | 64.18% | 60.57% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.43% | 75.24% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.03% | 89.94% | +16.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.42% | 74.33% | +70.09% |
Dividends
MARA vs. MSTR - Dividend Comparison
Neither MARA nor MSTR has paid dividends to shareholders.
Financials
MARA vs. MSTR - Financials Comparison
This section allows you to compare key financial metrics between MARA Holdings, Inc. and Strategy Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
MARA and MSTR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (31.27%) compared to MSTR (18.58%). In terms of maximum drawdown, MARA dropped -99.74% vs MSTR's -99.86%.
MARA currently has the higher Sharpe Ratio (-0.36 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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