MSTR vs. SAP
MSTR (Strategy Inc) and SAP (SAP SE) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, MSTR returned 19.62%/yr vs 9.16%/yr for SAP. At a 0.35 correlation, their price movements are largely independent.
Performance
MSTR vs. SAP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSTR achieves a -31.66% return, which is significantly higher than SAP's -35.76% return. Over the past 10 years, MSTR has outperformed SAP with an annualized return of 19.62%, while SAP has yielded a comparatively lower 9.16% annualized return.
MSTR
- 1D
- -5.13%
- 1M
- -35.06%
- YTD
- -31.66%
- 6M
- -34.23%
- 1Y
- -71.72%
- 3Y*
- 46.67%
- 5Y*
- 12.28%
- 10Y*
- 19.62%
SAP
- 1D
- 2.59%
- 1M
- -12.83%
- YTD
- -35.76%
- 6M
- -36.30%
- 1Y
- -46.34%
- 3Y*
- 6.09%
- 5Y*
- 3.26%
- 10Y*
- 9.16%
MSTR vs. SAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -31.66% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
SAP SAP SE | -35.76% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
Correlation
The correlation between MSTR and SAP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 1998 | 0.35 |
The correlation between MSTR and SAP shifts across timeframes, from 0.23 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MSTR:
$34.67B
SAP:
$179.15B
MSTR:
-$40.19
SAP:
€6.13
MSTR:
65.10
SAP:
4.22
MSTR:
0.95
SAP:
3.49
MSTR:
$490.47M
SAP:
€37.34B
MSTR:
$334.08M
SAP:
€27.51B
MSTR:
$466.93M
SAP:
€12.97B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSTR vs. SAP — Risk / Return Rank
MSTR
SAP
MSTR vs. SAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and SAP SE (SAP). 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 | SAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.75 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.91 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.58 | +0.26 |
Loading charts...
Drawdowns
MSTR vs. SAP - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than SAP's maximum drawdown of -87.91%. Use the drawdown chart below to compare losses from any high point for MSTR and SAP.
Loading charts...
Drawdown Indicators
| MSTR | SAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -87.91% | -11.95% |
Max Drawdown (1Y)Largest decline over 1 year | -77.22% | -51.24% | -25.98% |
Max Drawdown (3Y)Largest decline over 3 years | -78.08% | -51.24% | -26.84% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -51.24% | -32.87% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | -51.31% | -37.96% |
Current DrawdownCurrent decline from peak | -78.08% | -49.97% | -28.11% |
Average DrawdownAverage peak-to-trough decline | -86.44% | -28.26% | -58.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.24% | 29.26% | +24.98% |
Volatility
MSTR vs. SAP - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 22.01% compared to SAP SE (SAP) at 14.56%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than SAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSTR | SAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.01% | 14.56% | +7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 57.60% | 31.18% | +26.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.03% | 34.69% | +37.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.57% | 28.90% | +61.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.91% | 28.29% | +45.62% |
Dividends
MSTR vs. SAP - Dividend Comparison
MSTR has not paid dividends to shareholders, while SAP's dividend yield for the trailing twelve months is around 1.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SAP SAP SE | 1.91% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
Financials
MSTR vs. SAP - Financials Comparison
This section allows you to compare key financial metrics between Strategy Inc and SAP SE. 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 SAP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (22.01%) compared to SAP (14.56%). In terms of maximum drawdown, MSTR dropped -99.86% vs SAP's -87.91%.
MSTR currently has the higher Sharpe Ratio (-1.00 vs -1.34), 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.
Find the right allocation for MSTR and SAP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer