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MSTR vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Key characteristics


MSTRBTC-USD
YTD Return111.50%50.07%
1Y Return300.26%109.22%
3Y Return (Ann)24.53%0.21%
5Y Return (Ann)55.47%64.54%
10Y Return (Ann)29.10%62.98%
Sharpe Ratio3.344.13
Daily Std Dev87.63%38.83%
Max Drawdown-99.86%-93.07%
Current Drawdown-57.32%-13.21%

Correlation

-0.50.00.51.00.2

The correlation between MSTR and BTC-USD is 0.17, 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. BTC-USD - Performance Comparison

In the year-to-date period, MSTR achieves a 111.50% return, which is significantly higher than BTC-USD's 50.07% return. Over the past 10 years, MSTR has underperformed BTC-USD with an annualized return of 29.10%, while BTC-USD has yielded a comparatively higher 62.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%100.00%200.00%300.00%400.00%500.00%NovemberDecember2024FebruaryMarchApril
310.03%
122.40%
MSTR
BTC-USD

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MicroStrategy Incorporated

Bitcoin

Risk-Adjusted Performance

MSTR vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (MSTR) and Bitcoin (BTC-USD). 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.


MSTR
Sharpe ratio
The chart of Sharpe ratio for MSTR, currently valued at 5.71, compared to the broader market-2.00-1.000.001.002.003.005.71
Sortino ratio
The chart of Sortino ratio for MSTR, currently valued at 4.28, compared to the broader market-4.00-2.000.002.004.006.004.28
Omega ratio
The chart of Omega ratio for MSTR, currently valued at 1.55, compared to the broader market0.501.001.501.55
Calmar ratio
The chart of Calmar ratio for MSTR, currently valued at 5.29, compared to the broader market0.001.002.003.004.005.005.29
Martin ratio
The chart of Martin ratio for MSTR, currently valued at 39.02, compared to the broader market-10.000.0010.0020.0030.0039.02
BTC-USD
Sharpe ratio
The chart of Sharpe ratio for BTC-USD, currently valued at 4.13, compared to the broader market-2.00-1.000.001.002.003.004.13
Sortino ratio
The chart of Sortino ratio for BTC-USD, currently valued at 4.03, compared to the broader market-4.00-2.000.002.004.006.004.03
Omega ratio
The chart of Omega ratio for BTC-USD, currently valued at 1.47, compared to the broader market0.501.001.501.47
Calmar ratio
The chart of Calmar ratio for BTC-USD, currently valued at 2.01, compared to the broader market0.001.002.003.004.005.002.01
Martin ratio
The chart of Martin ratio for BTC-USD, currently valued at 29.07, compared to the broader market-10.000.0010.0020.0030.0029.07

MSTR vs. BTC-USD - Sharpe Ratio Comparison

The current MSTR Sharpe Ratio is 3.34, which roughly equals the BTC-USD Sharpe Ratio of 4.13. The chart below compares the 12-month rolling Sharpe Ratio of MSTR and BTC-USD.


Rolling 12-month Sharpe Ratio0.002.004.006.008.0010.00NovemberDecember2024FebruaryMarchApril
5.71
4.13
MSTR
BTC-USD

Drawdowns

MSTR vs. BTC-USD - Drawdown Comparison

The maximum MSTR drawdown since its inception was -99.86%, which is greater than BTC-USD's maximum drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for MSTR and BTC-USD. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2024FebruaryMarchApril
-30.39%
-13.21%
MSTR
BTC-USD

Volatility

MSTR vs. BTC-USD - Volatility Comparison

MicroStrategy Incorporated (MSTR) has a higher volatility of 37.49% compared to Bitcoin (BTC-USD) at 20.64%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2024FebruaryMarchApril
37.49%
20.64%
MSTR
BTC-USD