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MSTR vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Key characteristics


MSTRGBTC
YTD Return199.09%40.15%
1Y Return454.87%135.76%
3Y Return (Ann)38.77%4.66%
5Y Return (Ann)67.57%37.81%
Sharpe Ratio4.652.36
Sortino Ratio3.842.77
Omega Ratio1.461.34
Calmar Ratio5.062.11
Martin Ratio21.709.35
Ulcer Index20.96%14.62%
Daily Std Dev97.86%57.91%
Max Drawdown-99.86%-89.91%
Current Drawdown-39.65%-26.01%

Fundamentals


MSTRGBTC

Correlation

-0.50.00.51.00.4

The correlation between MSTR and GBTC is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

MSTR vs. GBTC - Performance Comparison

In the year-to-date period, MSTR achieves a 199.09% return, which is significantly higher than GBTC's 40.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%20.00%MayJuneJulyAugustSeptemberOctober
20.63%
-22.33%
MSTR
GBTC

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

MSTR vs. GBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (MSTR) and Grayscale Bitcoin Trust (BTC) (GBTC). 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 4.65, compared to the broader market-4.00-2.000.002.004.65
Sortino ratio
The chart of Sortino ratio for MSTR, currently valued at 3.84, compared to the broader market-4.00-2.000.002.004.003.84
Omega ratio
The chart of Omega ratio for MSTR, currently valued at 1.46, compared to the broader market0.501.001.502.001.46
Calmar ratio
The chart of Calmar ratio for MSTR, currently valued at 6.07, compared to the broader market0.002.004.006.006.07
Martin ratio
The chart of Martin ratio for MSTR, currently valued at 21.70, compared to the broader market-30.00-20.00-10.000.0010.0020.0021.70
GBTC
Sharpe ratio
The chart of Sharpe ratio for GBTC, currently valued at 2.36, compared to the broader market-4.00-2.000.002.002.36
Sortino ratio
The chart of Sortino ratio for GBTC, currently valued at 2.77, compared to the broader market-4.00-2.000.002.004.002.77
Omega ratio
The chart of Omega ratio for GBTC, currently valued at 1.33, compared to the broader market0.501.001.502.001.34
Calmar ratio
The chart of Calmar ratio for GBTC, currently valued at 2.11, compared to the broader market0.002.004.006.002.11
Martin ratio
The chart of Martin ratio for GBTC, currently valued at 9.35, compared to the broader market-30.00-20.00-10.000.0010.0020.009.35

MSTR vs. GBTC - Sharpe Ratio Comparison

The current MSTR Sharpe Ratio is 4.65, which is higher than the GBTC Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of MSTR and GBTC, offering insights into how both instruments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.003.004.005.006.00MayJuneJulyAugustSeptemberOctober
4.65
2.36
MSTR
GBTC

Dividends

MSTR vs. GBTC - Dividend Comparison

Neither MSTR nor GBTC has paid dividends to shareholders.


TTM2023202220212020201920182017
MSTR
MicroStrategy Incorporated
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GBTC
Grayscale Bitcoin Trust (BTC)
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.23%

Drawdowns

MSTR vs. GBTC - Drawdown Comparison

The maximum MSTR drawdown since its inception was -99.86%, which is greater than GBTC's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for MSTR and GBTC. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%MayJuneJulyAugustSeptemberOctober
-1.71%
-26.01%
MSTR
GBTC

Volatility

MSTR vs. GBTC - Volatility Comparison

MicroStrategy Incorporated (MSTR) has a higher volatility of 19.78% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 10.98%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00%MayJuneJulyAugustSeptemberOctober
19.78%
10.98%
MSTR
GBTC

Financials

MSTR vs. GBTC - Financials Comparison

This section allows you to compare key financial metrics between MicroStrategy Incorporated and Grayscale Bitcoin Trust (BTC). You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities



Values in USD except per share items