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

Correlation

The correlation between MSTR and BITX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


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.

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Key characteristics

Sharpe Ratio

MSTR:

1.43

BITX:

0.54

Sortino Ratio

MSTR:

2.16

BITX:

1.36

Omega Ratio

MSTR:

1.25

BITX:

1.16

Calmar Ratio

MSTR:

1.94

BITX:

0.77

Martin Ratio

MSTR:

5.14

BITX:

1.53

Ulcer Index

MSTR:

23.97%

BITX:

30.93%

Daily Std Dev

MSTR:

98.56%

BITX:

107.12%

Max Drawdown

MSTR:

-99.86%

BITX:

-61.28%

Current Drawdown

MSTR:

-22.02%

BITX:

-15.64%

Returns By Period

In the year-to-date period, MSTR achieves a 27.58% return, which is significantly higher than BITX's 15.00% return.


MSTR

YTD

27.58%

1M

0.22%

6M

-8.41%

1Y

119.31%

3Y*

167.52%

5Y*

97.69%

10Y*

35.83%

BITX

YTD

15.00%

1M

27.17%

6M

4.04%

1Y

48.21%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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MicroStrategy Incorporated

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

Risk-Adjusted Performance

MSTR vs. BITX — 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 9090
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 9292
Calmar Ratio Rank
The Martin Ratio Rank of MSTR is 8787
Martin Ratio Rank

BITX
The Risk-Adjusted Performance Rank of BITX is 6868
Overall Rank
The Sharpe Ratio Rank of BITX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of BITX is 8080
Sortino Ratio Rank
The Omega Ratio Rank of BITX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of BITX is 7676
Calmar Ratio Rank
The Martin Ratio Rank of BITX is 5252
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. 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.


The current MSTR Sharpe Ratio is 1.43, which is higher than the BITX Sharpe Ratio of 0.54. 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.


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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. BITX - Dividend Comparison

MSTR has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 10.02%.


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.


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

Volatility

MSTR vs. BITX - Volatility Comparison

The current volatility for MicroStrategy Incorporated (MSTR) is 15.12%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 17.56%. This indicates that MSTR experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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