MSTR vs. MARA
MSTR (Strategy Inc) and MARA (MARA Holdings, Inc.) are both stocks. MSTR operates in Software - Application (Technology), while MARA operates in Capital Markets (Financial Services). Over the past 10 years, MSTR returned 19.85%/yr vs -9.53%/yr for MARA. At a 0.43 correlation, their price movements are largely independent.
Performance
MSTR vs. MARA - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -25.94% return, which is significantly lower than MARA's 58.35% return. Over the past 10 years, MSTR has outperformed MARA with an annualized return of 19.85%, while MARA has yielded a comparatively lower -9.53% annualized return.
MSTR
- 1D
- -3.46%
- 1M
- -31.74%
- YTD
- -25.94%
- 6M
- -31.73%
- 1Y
- -69.56%
- 3Y*
- 56.53%
- 5Y*
- 11.72%
- 10Y*
- 19.85%
MARA
- 1D
- 2.16%
- 1M
- 4.94%
- YTD
- 58.35%
- 6M
- 39.69%
- 1Y
- -0.70%
- 3Y*
- 12.53%
- 5Y*
- -13.24%
- 10Y*
- -9.53%
MSTR vs. MARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -25.94% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
MARA MARA Holdings, Inc. | 58.35% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -91.17% | -40.41% |
Correlation
The correlation between MSTR and MARA is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 4, 2012 | 0.44 |
Over the past year, MSTR and MARA have become more correlated (0.70) than their long-term average of 0.43, meaning their price movements have been converging.
Fundamentals
MSTR:
$37.58B
MARA:
$5.41B
MSTR:
-$40.19
MARA:
-$4.95
MSTR:
70.55
MARA:
6.74
MSTR:
$490.47M
MARA:
$867.82M
MSTR:
$334.08M
MARA:
$164.95M
MSTR:
$466.93M
MARA:
$373.68M
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Return for Risk
MSTR vs. MARA — Risk / Return Rank
MSTR
MARA
MSTR vs. MARA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and MARA Holdings, Inc. (MARA). 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 | MARA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.06 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.03 | -0.88 |
| Martin ratioReturn relative to average drawdown | -1.29 | -0.04 | -1.25 |
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Drawdowns
MSTR vs. MARA - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, roughly equal to the maximum MARA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for MSTR and MARA.
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Drawdown Indicators
| MSTR | MARA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -99.74% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -70.53% | -6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -78.34% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -95.87% | +11.76% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | -99.20% | +9.93% |
Current DrawdownCurrent decline from peak | -76.25% | -90.81% | +14.56% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -78.01% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.81% | 42.80% | +11.01% |
Volatility
MSTR vs. MARA - Volatility Comparison
Strategy Inc (MSTR) and MARA Holdings, Inc. (MARA) have volatilities of 21.97% and 22.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | MARA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.97% | 22.83% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 57.49% | 60.23% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.85% | 79.14% | -7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.64% | 105.88% | -15.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.87% | 144.10% | -70.23% |
Dividends
MSTR vs. MARA - Dividend Comparison
Neither MSTR nor MARA has paid dividends to shareholders.
Financials
MSTR vs. MARA - Financials Comparison
This section allows you to compare key financial metrics between Strategy Inc and MARA Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
MSTR and MARA have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (22.83%) compared to MSTR (21.97%). In terms of maximum drawdown, MSTR dropped -99.86% vs MARA's -99.74%.
MARA currently has the higher Sharpe Ratio (-0.02 vs -0.97), 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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