MSTR vs. IWR
MSTR (Strategy Inc) is a stock, while IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index. Over the past 10 years, MSTR returned 21.08%/yr vs 11.41%/yr for IWR. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
MSTR vs. IWR - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -16.29% return, which is significantly lower than IWR's 10.71% return. Over the past 10 years, MSTR has outperformed IWR with an annualized return of 21.08%, while IWR has yielded a comparatively lower 11.41% annualized return.
MSTR
- 1D
- 5.61%
- 1M
- -32.19%
- YTD
- -16.29%
- 6M
- -30.75%
- 1Y
- -66.03%
- 3Y*
- 65.16%
- 5Y*
- 19.92%
- 10Y*
- 21.08%
IWR
- 1D
- 0.08%
- 1M
- 1.05%
- YTD
- 10.71%
- 6M
- 10.50%
- 1Y
- 19.23%
- 3Y*
- 16.25%
- 5Y*
- 7.68%
- 10Y*
- 11.41%
MSTR vs. IWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -16.29% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
IWR iShares Russell Midcap ETF | 10.71% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
Correlation
The correlation between MSTR and IWR is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2001 | 0.51 |
The correlation between MSTR and IWR has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
MSTR vs. IWR — Risk / Return Rank
MSTR
IWR
MSTR vs. IWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and iShares Russell Midcap ETF (IWR). 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 | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.25 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.37 | -3.23 |
| Martin ratioReturn relative to average drawdown | -1.27 | 9.09 | -10.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSTR | IWR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | 1.43 | -2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.42 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.59 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.49 | -0.37 |
Drawdowns
MSTR vs. IWR - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than IWR's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for MSTR and IWR.
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Drawdown Indicators
| MSTR | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -58.78% | -41.08% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -8.17% | -68.36% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -21.09% | -56.33% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -26.18% | -57.93% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | -40.59% | -48.68% |
Current DrawdownCurrent decline from peak | -73.15% | -2.04% | -71.11% |
Average DrawdownAverage peak-to-trough decline | -86.47% | -7.80% | -78.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.19% | 2.12% | +50.07% |
Volatility
MSTR vs. IWR - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.43% compared to iShares Russell Midcap ETF (IWR) at 3.59%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 3.59% | +17.84% |
Volatility (6M)Calculated over the trailing 6-month period | 56.80% | 10.06% | +46.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.82% | 13.54% | +57.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.87% | 18.25% | +72.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.77% | 19.38% | +54.39% |
Dividends
MSTR vs. IWR - Dividend Comparison
MSTR has not paid dividends to shareholders, while IWR's dividend yield for the trailing twelve months is around 1.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.17% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
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 IWR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.43%) compared to IWR (3.59%). In terms of maximum drawdown, MSTR dropped -99.86% vs IWR's -58.78%.
IWR currently has the higher Sharpe Ratio (1.43 vs -0.94), 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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