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MSTR vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MSTR and BITO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

MSTR vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroStrategy Incorporated (MSTR) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

MSTR:

1.25

BITO:

0.93

Sortino Ratio

MSTR:

2.18

BITO:

1.52

Omega Ratio

MSTR:

1.25

BITO:

1.18

Calmar Ratio

MSTR:

1.98

BITO:

1.54

Martin Ratio

MSTR:

5.25

BITO:

3.45

Ulcer Index

MSTR:

24.00%

BITO:

13.91%

Daily Std Dev

MSTR:

98.14%

BITO:

53.58%

Max Drawdown

MSTR:

-99.86%

BITO:

-77.86%

Current Drawdown

MSTR:

-21.45%

BITO:

-1.11%

Returns By Period

In the year-to-date period, MSTR achieves a 28.51% return, which is significantly higher than BITO's 15.06% return.


MSTR

YTD

28.51%

1M

0.95%

6M

5.23%

1Y

120.91%

3Y*

156.95%

5Y*

97.03%

10Y*

35.68%

BITO

YTD

15.06%

1M

14.72%

6M

16.94%

1Y

49.10%

3Y*

48.56%

5Y*

N/A

10Y*

N/A

*Annualized

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MicroStrategy Incorporated

ProShares Bitcoin Strategy ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

MSTR vs. BITO — Risk-Adjusted Performance Rank

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

MSTR
The Risk-Adjusted Performance Rank of MSTR is 8888
Overall Rank
The Sharpe Ratio Rank of MSTR is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of MSTR is 8888
Sortino Ratio Rank
The Omega Ratio Rank of MSTR is 8383
Omega Ratio Rank
The Calmar Ratio Rank of MSTR is 9393
Calmar Ratio Rank
The Martin Ratio Rank of MSTR is 8787
Martin Ratio Rank

BITO
The Risk-Adjusted Performance Rank of BITO is 8282
Overall Rank
The Sharpe Ratio Rank of BITO is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 8383
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 7878
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 9090
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 7878
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MSTR vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (MSTR) and ProShares Bitcoin Strategy ETF (BITO). 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.


The current MSTR Sharpe Ratio is 1.25, which is higher than the BITO Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of MSTR and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

MSTR vs. BITO - Dividend Comparison

MSTR has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 54.75%.


TTM20242023
MSTR
MicroStrategy Incorporated
0.00%0.00%0.00%
BITO
ProShares Bitcoin Strategy ETF
54.75%61.59%15.14%

Drawdowns

MSTR vs. BITO - Drawdown Comparison

The maximum MSTR drawdown since its inception was -99.86%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for MSTR and BITO.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

MSTR vs. BITO - Volatility Comparison

MicroStrategy Incorporated (MSTR) has a higher volatility of 14.25% compared to ProShares Bitcoin Strategy ETF (BITO) at 8.86%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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