MSTR vs. IAK
MSTR (Strategy Inc) is a stock, while IAK (iShares U.S. Insurance ETF) is Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Over the past 10 years, MSTR returned 20.92%/yr vs 12.67%/yr for IAK. At a 0.35 correlation, their price movements are largely independent.
Performance
MSTR vs. IAK - 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 IAK's 1.11% return. Over the past 10 years, MSTR has outperformed IAK with an annualized return of 20.92%, while IAK has yielded a comparatively lower 12.67% annualized 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%
IAK
- 1D
- 0.68%
- 1M
- 4.20%
- YTD
- 1.11%
- 6M
- 0.88%
- 1Y
- 4.33%
- 3Y*
- 18.27%
- 5Y*
- 13.37%
- 10Y*
- 12.67%
MSTR vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -18.41% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
IAK iShares U.S. Insurance ETF | 1.11% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
Correlation
The correlation between MSTR and IAK is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.35 |
The correlation between MSTR and IAK shifts across timeframes, from -0.03 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSTR vs. IAK — Risk / Return Rank
MSTR
IAK
MSTR vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and iShares U.S. Insurance ETF (IAK). 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 | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.06 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 0.57 | -1.45 |
| Martin ratioReturn relative to average drawdown | -1.27 | 1.27 | -2.54 |
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Drawdowns
MSTR vs. IAK - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than IAK's maximum drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for MSTR and IAK.
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Drawdown Indicators
| MSTR | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -77.38% | -22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -7.62% | -68.91% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -11.58% | -65.84% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -14.76% | -69.35% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | -44.95% | -44.32% |
Current DrawdownCurrent decline from peak | -73.84% | -0.23% | -73.61% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -16.11% | -70.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 3.41% | +49.60% |
Volatility
MSTR vs. IAK - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.60% compared to iShares U.S. Insurance ETF (IAK) at 5.49%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 5.49% | +16.11% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 10.75% | +46.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 15.10% | +56.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.79% | 18.14% | +72.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 20.92% | +52.88% |
Dividends
MSTR vs. IAK - Dividend Comparison
MSTR has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.60% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
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 IAK 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 (21.60%) compared to IAK (5.49%). In terms of maximum drawdown, MSTR dropped -99.86% vs IAK's -77.38%.
IAK currently has the higher Sharpe Ratio (0.29 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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