MSTR vs. BOXX
MSTR (Strategy Inc) is a stock, while BOXX (Alpha Architect 1-3 Month Box ETF) is Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. Over the past 3 years, MSTR returned 46.67%/yr vs 4.70%/yr for BOXX. At a 0.04 correlation, their price movements are largely independent.
Performance
MSTR vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -31.66% return, which is significantly lower than BOXX's 1.70% return.
MSTR
- 1D
- -5.13%
- 1M
- -35.06%
- YTD
- -31.66%
- 6M
- -34.23%
- 1Y
- -71.72%
- 3Y*
- 46.67%
- 5Y*
- 12.28%
- 10Y*
- 19.62%
BOXX
- 1D
- -0.02%
- 1M
- 0.16%
- YTD
- 1.70%
- 6M
- 1.82%
- 1Y
- 3.98%
- 3Y*
- 4.70%
- 5Y*
- —
- 10Y*
- —
MSTR vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSTR Strategy Inc | -31.66% | -47.53% | 358.54% | 346.15% | -4.18% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.70% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between MSTR and BOXX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | 0.04 |
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Return for Risk
MSTR vs. BOXX — Risk / Return Rank
MSTR
BOXX
MSTR vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and Alpha Architect 1-3 Month Box ETF (BOXX). 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 | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.43 | ||
| Sortino ratioReturn per unit of downside risk | -37.04 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 8.71 | -7.91 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 58.08 | -59.01 |
| Martin ratioReturn relative to average drawdown | -1.32 | 496.82 | -498.14 |
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Drawdowns
MSTR vs. BOXX - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for MSTR and BOXX.
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Drawdown Indicators
| MSTR | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -0.12% | -99.74% |
Max Drawdown (1Y)Largest decline over 1 year | -77.22% | -0.07% | -77.15% |
Max Drawdown (3Y)Largest decline over 3 years | -78.08% | -0.12% | -77.96% |
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 | -78.08% | -0.02% | -78.06% |
Average DrawdownAverage peak-to-trough decline | -86.44% | -0.00% | -86.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.24% | 0.01% | +54.23% |
Volatility
MSTR vs. BOXX - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 22.01% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.12%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.01% | 0.12% | +21.89% |
Volatility (6M)Calculated over the trailing 6-month period | 57.60% | 0.26% | +57.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.03% | 0.32% | +71.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.57% | 0.37% | +90.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.91% | 0.37% | +73.54% |
Dividends
MSTR vs. BOXX - Dividend Comparison
Neither MSTR nor BOXX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BOXX Alpha Architect 1-3 Month Box ETF | 0.00% | 0.00% | 0.26% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTR and BOXX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (22.01%) compared to BOXX (0.12%). In terms of maximum drawdown, MSTR dropped -99.86% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.43 vs -1.00), 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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