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

Correlation

The correlation between MSTR and BITX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.7

Performance

MSTR vs. BITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroStrategy Incorporated (MSTR) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
162.97%
109.54%
MSTR
BITX

Key characteristics

Sharpe Ratio

MSTR:

5.32

BITX:

2.21

Sortino Ratio

MSTR:

4.03

BITX:

2.71

Omega Ratio

MSTR:

1.48

BITX:

1.32

Calmar Ratio

MSTR:

6.74

BITX:

4.09

Martin Ratio

MSTR:

26.82

BITX:

7.72

Ulcer Index

MSTR:

21.53%

BITX:

32.45%

Daily Std Dev

MSTR:

108.47%

BITX:

113.48%

Max Drawdown

MSTR:

-99.86%

BITX:

-61.28%

Current Drawdown

MSTR:

-18.45%

BITX:

0.00%

Returns By Period

In the year-to-date period, MSTR achieves a 511.79% return, which is significantly higher than BITX's 259.10% return.


MSTR

YTD

511.79%

1M

13.44%

6M

162.97%

1Y

575.68%

5Y (annualized)

92.96%

10Y (annualized)

37.26%

BITX

YTD

259.10%

1M

31.15%

6M

109.54%

1Y

254.12%

5Y (annualized)

N/A

10Y (annualized)

N/A

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

MSTR vs. BITX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (MSTR) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.


Sharpe ratio
The chart of Sharpe ratio for MSTR, currently valued at 5.32, compared to the broader market-4.00-2.000.002.005.322.21
The chart of Sortino ratio for MSTR, currently valued at 4.03, compared to the broader market-4.00-2.000.002.004.004.032.71
The chart of Omega ratio for MSTR, currently valued at 1.48, compared to the broader market0.501.001.502.001.481.32
The chart of Calmar ratio for MSTR, currently valued at 12.44, compared to the broader market0.002.004.006.0012.444.09
The chart of Martin ratio for MSTR, currently valued at 26.82, compared to the broader market-10.000.0010.0020.0030.0026.827.72
MSTR
BITX

The current MSTR Sharpe Ratio is 5.32, which is higher than the BITX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of MSTR and BITX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.002.004.006.008.00JulyAugustSeptemberOctoberNovemberDecember
5.32
2.21
MSTR
BITX

Dividends

MSTR vs. BITX - Dividend Comparison

MSTR has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 7.85%.


TTM
MSTR
MicroStrategy Incorporated
0.00%
BITX
Volatility Shares 2x Bitcoin Strategy ETF
7.85%

Drawdowns

MSTR vs. BITX - Drawdown Comparison

The maximum MSTR drawdown since its inception was -99.86%, which is greater than BITX's maximum drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for MSTR and BITX. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-18.45%
0
MSTR
BITX

Volatility

MSTR vs. BITX - Volatility Comparison

MicroStrategy Incorporated (MSTR) has a higher volatility of 37.11% compared to Volatility Shares 2x Bitcoin Strategy ETF (BITX) at 28.07%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
37.11%
28.07%
MSTR
BITX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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