MSTR vs. AAPB
MSTR (Strategy Inc) is a stock, while AAPB (GraniteShares 2x Long AAPL Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, MSTR returned 64.73%/yr vs 17.91%/yr for AAPB. At a 0.26 correlation, their price movements are largely independent.
Performance
MSTR vs. AAPB - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -13.70% return, which is significantly lower than AAPB's 12.10% return.
MSTR
- 1D
- 5.78%
- 1M
- -26.08%
- YTD
- -13.70%
- 6M
- -19.09%
- 1Y
- -65.75%
- 3Y*
- 64.73%
- 5Y*
- 16.17%
- 10Y*
- 22.02%
AAPB
- 1D
- 3.36%
- 1M
- -3.87%
- YTD
- 12.10%
- 6M
- 10.03%
- 1Y
- 101.75%
- 3Y*
- 17.91%
- 5Y*
- —
- 10Y*
- —
MSTR vs. AAPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSTR Strategy Inc | -13.70% | -47.53% | 358.54% | 346.15% | -57.10% |
AAPB GraniteShares 2x Long AAPL Daily ETF | 12.10% | -0.93% | 47.02% | 77.21% | -38.60% |
Correlation
The correlation between MSTR and AAPB is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.26 |
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Return for Risk
MSTR vs. AAPB — Risk / Return Rank
MSTR
AAPB
MSTR vs. AAPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and GraniteShares 2x Long AAPL Daily ETF (AAPB). 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 | AAPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.45 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.37 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 3.64 | -4.50 |
| Martin ratioReturn relative to average drawdown | -1.24 | 8.67 | -9.91 |
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Drawdowns
MSTR vs. AAPB - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than AAPB's maximum drawdown of -58.13%. Use the drawdown chart below to compare losses from any high point for MSTR and AAPB.
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Drawdown Indicators
| MSTR | AAPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -58.13% | -41.73% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -28.11% | -48.42% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -58.13% | -19.29% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | — | — |
Current DrawdownCurrent decline from peak | -72.32% | -12.37% | -59.95% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -19.27% | -67.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.20% | 11.77% | +41.43% |
Volatility
MSTR vs. AAPB - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.84% compared to GraniteShares 2x Long AAPL Daily ETF (AAPB) at 14.34%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than AAPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | AAPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.84% | 14.34% | +7.50% |
Volatility (6M)Calculated over the trailing 6-month period | 57.65% | 33.42% | +24.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.53% | 45.58% | +25.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.56% | 51.37% | +39.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.85% | 51.37% | +22.48% |
Dividends
MSTR vs. AAPB - Dividend Comparison
MSTR has not paid dividends to shareholders, while AAPB's dividend yield for the trailing twelve months is around 3.92%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 3.92% | 4.39% | 0.00% | 18.75% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTR and AAPB have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.84%) compared to AAPB (14.34%). In terms of maximum drawdown, MSTR dropped -99.86% vs AAPB's -58.13%.
AAPB currently has the higher Sharpe Ratio (2.25 vs -0.92), 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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