MSTR vs. ^GSPC
MSTR (Strategy Inc) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, MSTR returned 17.94%/yr vs 13.09%/yr for ^GSPC. At a 0.46 correlation, their price movements are largely independent.
Performance
MSTR vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSTR achieves a -35.62% return, which is significantly lower than ^GSPC's 8.73% return. Over the past 10 years, MSTR has outperformed ^GSPC with an annualized return of 17.94%, while ^GSPC has yielded a comparatively lower 13.09% annualized return.
MSTR
- 1D
- 3.13%
- 1M
- -13.07%
- 6M
- -43.69%
- YTD
- -35.62%
- 1Y
- -76.89%
- 3Y*
- 30.85%
- 5Y*
- 11.92%
- 10Y*
- 17.94%
- ALL TIME*
- 9.32%
^GSPC
- 1D
- -0.19%
- 1M
- -0.76%
- 6M
- 7.25%
- YTD
- 8.73%
- 1Y
- 18.21%
- 3Y*
- 17.95%
- 5Y*
- 11.30%
- 10Y*
- 13.09%
- ALL TIME*
- 8.08%
MSTR vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -35.62% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
^GSPC S&P 500 Index | 8.73% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between MSTR and ^GSPC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 1998 | 0.46 |
The correlation between MSTR and ^GSPC has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSTR vs. ^GSPC — Risk / Return Rank
MSTR
^GSPC
MSTR vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and S&P 500 Index (^GSPC). 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.
| MSTR | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.26 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.01 | -2.96 |
| Martin ratioReturn relative to average drawdown | -1.38 | 8.68 | -10.06 |
Loading charts...
Drawdowns
MSTR vs. ^GSPC - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MSTR and ^GSPC.
Loading charts...
Drawdown Indicators
| MSTR | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -56.78% | -43.08% |
Max Drawdown (1Y)Largest decline over 1 year | -80.70% | -9.10% | -71.60% |
Max Drawdown (3Y)Largest decline over 3 years | -82.63% | -18.90% | -63.73% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -25.43% | -58.68% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | -33.92% | -55.35% |
Current DrawdownCurrent decline from peak | -79.36% | -2.19% | -77.17% |
Average DrawdownAverage peak-to-trough decline | -86.43% | -10.70% | -75.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.87% | 2.10% | +53.77% |
Volatility
MSTR vs. ^GSPC - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 25.51% compared to S&P 500 Index (^GSPC) at 3.13%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSTR | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.51% | 3.13% | +22.38% |
Volatility (6M)Calculated over the trailing 6-month period | 60.54% | 10.04% | +50.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.28% | 12.62% | +61.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.77% | 16.98% | +73.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.27% | 18.06% | +56.21% |
Frequently Asked Questions
MSTR and ^GSPC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (25.51%) compared to ^GSPC (3.13%). In terms of maximum drawdown, MSTR dropped -99.86% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.45 vs -1.04), 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.
Find the right allocation for MSTR and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer