MSTR vs. HDV
MSTR (Strategy Inc) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, MSTR returned 19.45%/yr vs 9.57%/yr for HDV. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
MSTR vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -35.26% return, which is significantly lower than HDV's 19.66% return. Over the past 10 years, MSTR has outperformed HDV with an annualized return of 19.45%, while HDV has yielded a comparatively lower 9.57% annualized return.
MSTR
- 1D
- 0.74%
- 1M
- -2.38%
- 6M
- -23.80%
- YTD
- -35.26%
- 1Y
- -73.80%
- 3Y*
- 37.67%
- 5Y*
- 5.61%
- 10Y*
- 19.45%
- ALL TIME*
- 9.32%
HDV
- 1D
- -0.24%
- 1M
- 3.72%
- 6M
- 7.30%
- YTD
- 19.66%
- 1Y
- 24.30%
- 3Y*
- 15.80%
- 5Y*
- 12.00%
- 10Y*
- 9.57%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $205.70M | $171.89M | $116.16M | |
MSTR Strategy Inc | $1.45B | $1.47B | $2.34B |
MSTR vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -35.26% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
HDV iShares Core High Dividend ETF | 19.66% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between MSTR and HDV is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.30 |
The correlation between MSTR and HDV shifts across timeframes, from -0.03 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSTR vs. HDV — Risk / Return Rank
MSTR
HDV
MSTR vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -5.41 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.40 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 4.71 | -5.64 |
| Martin ratioReturn relative to average drawdown | -1.31 | 12.85 | -14.17 |
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Drawdowns
MSTR vs. HDV - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for MSTR and HDV.
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Drawdown Indicators
| MSTR | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -37.04% | -62.82% |
Max Drawdown (1Y)Largest decline over 1 year | -79.53% | -5.18% | -74.35% |
Max Drawdown (3Y)Largest decline over 3 years | -82.63% | -10.49% | -72.14% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -15.42% | -68.69% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | -37.04% | -52.23% |
Current DrawdownCurrent decline from peak | -79.24% | -1.72% | -77.52% |
Average DrawdownAverage peak-to-trough decline | -86.42% | -3.06% | -83.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.24% | 1.90% | +54.34% |
Volatility
MSTR vs. HDV - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 16.86% compared to iShares Core High Dividend ETF (HDV) at 4.12%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.86% | 4.12% | +12.74% |
Volatility (6M)Calculated over the trailing 6-month period | 59.98% | 8.54% | +51.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.57% | 10.80% | +63.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.88% | 12.94% | +76.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.35% | 15.78% | +58.57% |
Dividends
MSTR vs. HDV - Dividend Comparison
MSTR has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 3.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.08% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTR and HDV have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (16.86%) compared to HDV (4.12%). In terms of maximum drawdown, MSTR dropped -99.86% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.26 vs -0.99), 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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