MSTR vs. ARKB
MSTR (Strategy Inc) is a stock, while ARKB (ARK 21Shares Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, MSTR returned -67.62% vs -39.71% for ARKB. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
MSTR vs. ARKB - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -18.41% return, which is significantly higher than ARKB's -27.41% return.
MSTR
- 1D
- 3.18%
- 1M
- -30.13%
- YTD
- -18.41%
- 6M
- -29.74%
- 1Y
- -67.62%
- 3Y*
- 63.46%
- 5Y*
- 19.14%
- 10Y*
- 20.92%
ARKB
- 1D
- 0.00%
- 1M
- -19.70%
- YTD
- -27.41%
- 6M
- -29.62%
- 1Y
- -39.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR vs. ARKB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTR Strategy Inc | -18.41% | -47.53% | 411.99% |
ARKB ARK 21Shares Bitcoin ETF | -27.41% | -6.59% | 86.54% |
Correlation
The correlation between MSTR and ARKB is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.79 |
The correlation between MSTR and ARKB has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
MSTR vs. ARKB — Risk / Return Rank
MSTR
ARKB
MSTR vs. ARKB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and ARK 21Shares Bitcoin ETF (ARKB). 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 | ARKB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.85 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.78 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.37 | +0.10 |
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Drawdowns
MSTR vs. ARKB - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than ARKB's maximum drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for MSTR and ARKB.
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Drawdown Indicators
| MSTR | ARKB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -52.04% | -47.82% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -52.04% | -24.49% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | — | — |
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 | -73.84% | -49.45% | -24.39% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -16.56% | -69.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 29.60% | +23.41% |
Volatility
MSTR vs. ARKB - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.60% compared to ARK 21Shares Bitcoin ETF (ARKB) at 11.97%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than ARKB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | ARKB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 11.97% | +9.63% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 34.32% | +23.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 43.91% | +27.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.79% | 50.09% | +40.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 50.09% | +23.71% |
Dividends
MSTR vs. ARKB - Dividend Comparison
Neither MSTR nor ARKB has paid dividends to shareholders.
Frequently Asked Questions
MSTR and ARKB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.60%) compared to ARKB (11.97%). In terms of maximum drawdown, MSTR dropped -99.86% vs ARKB's -52.04%.
ARKB currently has the higher Sharpe Ratio (-0.93 vs -0.95), 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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