MSTR vs. GARP
MSTR (Strategy Inc) is a stock, while GARP (iShares MSCI USA Quality GARP ETF) is Large Cap Growth Equities fund tracking the MSCI USA Quality GARP Select Index. Over the past 5 years, MSTR returned 19.14%/yr vs 18.96%/yr for GARP. At a 0.49 correlation, their price movements are largely independent.
Performance
MSTR vs. GARP - 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 GARP's 16.96% 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%
GARP
- 1D
- 0.21%
- 1M
- 2.98%
- YTD
- 16.96%
- 6M
- 17.70%
- 1Y
- 36.11%
- 3Y*
- 31.05%
- 5Y*
- 18.96%
- 10Y*
- —
MSTR vs. GARP - 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% | 165.64% |
GARP iShares MSCI USA Quality GARP ETF | 16.96% | 21.49% | 37.42% | 42.86% | -26.75% | 27.99% | 26.51% |
Correlation
The correlation between MSTR and GARP is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | 0.49 |
The correlation between MSTR and GARP has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
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Return for Risk
MSTR vs. GARP — Risk / Return Rank
MSTR
GARP
MSTR vs. GARP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and iShares MSCI USA Quality GARP ETF (GARP). 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 | GARP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.33 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.65 | -3.53 |
| Martin ratioReturn relative to average drawdown | -1.27 | 10.37 | -11.64 |
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Drawdowns
MSTR vs. GARP - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than GARP's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for MSTR and GARP.
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Drawdown Indicators
| MSTR | GARP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -31.34% | -68.52% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -13.69% | -62.84% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -23.73% | -53.69% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -30.61% | -53.50% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | — | — |
Current DrawdownCurrent decline from peak | -73.84% | -4.27% | -69.57% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -7.35% | -79.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 3.49% | +49.52% |
Volatility
MSTR vs. GARP - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.60% compared to iShares MSCI USA Quality GARP ETF (GARP) at 7.61%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | GARP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 7.61% | +13.99% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 15.12% | +42.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 18.79% | +52.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.79% | 22.11% | +68.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 23.95% | +49.85% |
Dividends
MSTR vs. GARP - Dividend Comparison
MSTR has not paid dividends to shareholders, while GARP's dividend yield for the trailing twelve months is around 0.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GARP iShares MSCI USA Quality GARP ETF | 0.26% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTR and GARP have a correlation of 0.46, 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 GARP (7.61%). In terms of maximum drawdown, MSTR dropped -99.86% vs GARP's -31.34%.
GARP currently has the higher Sharpe Ratio (1.93 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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