MSTR vs. OKLO

Last updated Jun 13, 2026

MSTR (Strategy Inc) and OKLO (Oklo Inc.) are both stocks. MSTR operates in Software - Application (Technology), while OKLO operates in Utilities - Independent Power Producers (Utilities). Over the past 3 years, MSTR returned 63.46%/yr vs 75.64%/yr for OKLO. At a 0.21 correlation, their price movements are largely independent.

Performance

MSTR vs. OKLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Inc (MSTR) and Oklo Inc. (OKLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTR achieves a -18.41% return, which is significantly higher than OKLO's -19.89% return.

MSTR

• 1D: 3.18%
• 1M: -30.13%
• YTD: -18.41%
• 6M: -29.74%
• 1Y: -67.62%
• 3Y*: 63.46%
• 5Y*: 19.14%
• 10Y*: 20.92%

OKLO

• 1D: -0.64%
• 1M: -7.65%
• YTD: -19.89%
• 6M: -34.24%
• 1Y: -9.69%
• 3Y*: 75.64%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSTR vs. OKLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MSTR Strategy Inc	-18.41%	-47.53%	358.54%	346.15%	-74.00%	-14.90%
OKLO Oklo Inc.	-19.89%	238.01%	101.04%	6.45%	0.71%	-1.50%

Correlation

The correlation between MSTR and OKLO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jul 8, 2021	0.21

Over the past year, MSTR and OKLO have become more correlated (0.46) than their long-term average of 0.21, meaning their price movements have been converging.

Fundamentals

Market Cap MSTR : $41.40B OKLO : $9.79B
EPS MSTR : -$40.19 OKLO : -$0.85
PB Ratio MSTR : 1.13 OKLO : 3.71
Total Revenue (TTM) MSTR : $490.47M OKLO : $0.00
Gross Profit (TTM) MSTR : $334.08M OKLO : -$149.00K
EBITDA (TTM) MSTR : $466.93M OKLO : -$172.42M

Return for Risk

MSTR vs. OKLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSTR

MSTR Risk / Return Rank: 8
MSTR Sharpe Ratio Rank: 6
MSTR Sortino Ratio Rank: 4
MSTR Omega Ratio Rank: 7
MSTR Calmar Ratio Rank: 8
MSTR Martin Ratio Rank: 13

OKLO

OKLO Risk / Return Rank: 41
OKLO Sharpe Ratio Rank: 39
OKLO Sortino Ratio Rank: 46
OKLO Omega Ratio Rank: 44
OKLO Calmar Ratio Rank: 39
OKLO Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSTR vs. OKLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and Oklo Inc. (OKLO). 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	OKLO	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	-0.11	-0.84
Sortino ratio: Return per unit of downside risk	-1.71	0.60	-2.30
Omega ratio: Gain probability vs. loss probability	0.82	1.06	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.88	-0.15	-0.73
Martin ratio: Return relative to average drawdown	-1.27	-0.24	-1.03

MSTR vs. OKLO - Sharpe Ratio Comparison

The current MSTR Sharpe Ratio is -0.95, which is lower than the OKLO Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of MSTR and OKLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSTR vs. OKLO - Drawdown Comparison

The maximum MSTR drawdown since its inception was -99.86%, which is greater than OKLO's maximum drawdown of -73.83%. Use the drawdown chart below to compare losses from any high point for MSTR and OKLO.

Drawdown Indicators

	MSTR	OKLO	Difference
Max Drawdown Largest peak-to-trough decline	-99.86%	-73.83%	-26.03%
Max Drawdown (1Y) Largest decline over 1 year	-76.53%	-73.83%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-77.42%	-73.83%	-3.59%
Max Drawdown (5Y) Largest decline over 5 years	-84.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-89.27%	—	—
Current Drawdown Current decline from peak	-73.84%	-66.99%	-6.85%
Average Drawdown Average peak-to-trough decline	-86.45%	-18.13%	-68.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.01%	45.70%	+7.31%

Volatility

MSTR vs. OKLO - Volatility Comparison

The current volatility for Strategy Inc (MSTR) is 21.60%, while Oklo Inc. (OKLO) has a volatility of 27.86%. This indicates that MSTR experiences smaller price fluctuations and is considered to be less risky than OKLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTR	OKLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.60%	27.86%	-6.26%
Volatility (6M) Calculated over the trailing 6-month period	57.34%	69.66%	-12.32%
Volatility (1Y) Calculated over the trailing 1-year period	71.15%	101.88%	-30.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.79%	85.88%	+4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.80%	85.88%	-12.08%

Dividends

MSTR vs. OKLO - Dividend Comparison

Neither MSTR nor OKLO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both MSTR and OKLO in my portfolio?

MSTR and OKLO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSTR or OKLO?

OKLO has higher volatility (27.86%) compared to MSTR (21.60%). In terms of maximum drawdown, MSTR dropped -99.86% vs OKLO's -73.83%.

Which has better risk-adjusted returns?

OKLO currently has the higher Sharpe Ratio (-0.11 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.