MSTR vs. BKLC
MSTR (Strategy Inc) is a stock, while BKLC (BNY Mellon US Large Cap Core Equity ETF) is Large Cap Blend Equities fund tracking the Morningstar US Large Cap Index. Over the past 5 years, MSTR returned 19.14%/yr vs 13.79%/yr for BKLC. At a 0.49 correlation, their price movements are largely independent.
Performance
MSTR vs. BKLC - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -18.41% return, which is significantly lower than BKLC's 9.04% return.
MSTR
- 1D
- 3.18%
- 1M
- -30.37%
- YTD
- -18.41%
- 6M
- -29.74%
- 1Y
- -67.36%
- 3Y*
- 63.46%
- 5Y*
- 19.14%
- 10Y*
- 20.92%
BKLC
- 1D
- 0.43%
- 1M
- 0.06%
- YTD
- 9.04%
- 6M
- 9.42%
- 1Y
- 24.38%
- 3Y*
- 21.79%
- 5Y*
- 13.79%
- 10Y*
- —
MSTR vs. BKLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -18.41% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 215.89% |
BKLC BNY Mellon US Large Cap Core Equity ETF | 9.04% | 18.06% | 25.56% | 30.88% | -20.52% | 27.41% | 37.31% |
Correlation
The correlation between MSTR and BKLC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020 | 0.49 |
The correlation between MSTR and BKLC has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
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Return for Risk
MSTR vs. BKLC — Risk / Return Rank
MSTR
BKLC
MSTR vs. BKLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and BNY Mellon US Large Cap Core Equity ETF (BKLC). 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 | BKLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -4.31 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.35 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.69 | -3.57 |
| Martin ratioReturn relative to average drawdown | -1.27 | 11.95 | -13.22 |
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Drawdowns
MSTR vs. BKLC - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than BKLC's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for MSTR and BKLC.
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Drawdown Indicators
| MSTR | BKLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -26.14% | -73.72% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -9.10% | -67.43% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -19.05% | -58.37% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -26.14% | -57.97% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | — | — |
Current DrawdownCurrent decline from peak | -73.84% | -2.43% | -71.41% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -5.26% | -81.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 2.05% | +50.96% |
Volatility
MSTR vs. BKLC - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.60% compared to BNY Mellon US Large Cap Core Equity ETF (BKLC) at 4.60%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than BKLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | BKLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 4.60% | +17.00% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 9.87% | +47.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 12.63% | +58.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.79% | 17.23% | +73.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 17.47% | +56.33% |
Dividends
MSTR vs. BKLC - Dividend Comparison
MSTR has not paid dividends to shareholders, while BKLC's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.03% | 1.05% | 1.22% | 1.35% | 1.64% | 1.10% | 0.84% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTR and BKLC have a correlation of 0.48, 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 BKLC (4.60%). In terms of maximum drawdown, MSTR dropped -99.86% vs BKLC's -26.14%.
BKLC currently has the higher Sharpe Ratio (1.94 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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