MSTR vs. IETC
MSTR (Strategy Inc) is a stock, while IETC (iShares U.S. Tech Independence Focused ETF) is Technology Equities fund actively managed by iShares. Over the past 5 years, MSTR returned 19.14%/yr vs 15.73%/yr for IETC. At a 0.49 correlation, their price movements are largely independent.
Performance
MSTR vs. IETC - 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 IETC's 4.48% 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%
IETC
- 1D
- -0.07%
- 1M
- 0.03%
- YTD
- 4.48%
- 6M
- 4.29%
- 1Y
- 17.62%
- 3Y*
- 25.69%
- 5Y*
- 15.73%
- 10Y*
- —
MSTR vs. IETC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -18.41% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.38% |
IETC iShares U.S. Tech Independence Focused ETF | 4.48% | 19.56% | 37.57% | 54.35% | -32.78% | 29.73% | 46.59% | 43.09% | -3.75% |
Correlation
The correlation between MSTR and IETC is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
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 Mar 23, 2018 | 0.49 |
The correlation between MSTR and IETC 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. IETC — Risk / Return Rank
MSTR
IETC
MSTR vs. IETC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and iShares U.S. Tech Independence Focused ETF (IETC). 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 | IETC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.15 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 0.84 | -1.72 |
| Martin ratioReturn relative to average drawdown | -1.27 | 2.30 | -3.57 |
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Drawdowns
MSTR vs. IETC - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than IETC's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for MSTR and IETC.
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Drawdown Indicators
| MSTR | IETC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -38.48% | -61.38% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -21.19% | -55.34% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -25.17% | -52.25% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -38.48% | -45.63% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | — | — |
Current DrawdownCurrent decline from peak | -73.84% | -10.32% | -63.52% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -8.14% | -78.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 7.67% | +45.34% |
Volatility
MSTR vs. IETC - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.60% compared to iShares U.S. Tech Independence Focused ETF (IETC) at 9.62%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | IETC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 9.62% | +11.98% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 17.85% | +39.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 22.11% | +49.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.79% | 24.70% | +66.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 25.44% | +48.36% |
Dividends
MSTR vs. IETC - Dividend Comparison
MSTR has not paid dividends to shareholders, while IETC's dividend yield for the trailing twelve months is around 0.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 0.37% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTR and IETC have a correlation of 0.50, 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 IETC (9.62%). In terms of maximum drawdown, MSTR dropped -99.86% vs IETC's -38.48%.
IETC currently has the higher Sharpe Ratio (0.80 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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