MSTR vs. SLV
MSTR (Strategy Inc) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, MSTR returned 20.92%/yr vs 13.99%/yr for SLV. At a 0.14 correlation, their price movements are largely independent.
Performance
MSTR vs. SLV - 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 SLV's -4.86% return. Over the past 10 years, MSTR has outperformed SLV with an annualized return of 20.92%, while SLV has yielded a comparatively lower 13.99% annualized 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%
SLV
- 1D
- 0.77%
- 1M
- -11.23%
- YTD
- -4.86%
- 6M
- 9.25%
- 1Y
- 85.90%
- 3Y*
- 41.27%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
MSTR vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -18.41% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
SLV iShares Silver Trust | -4.86% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between MSTR and SLV is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.14 |
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Return for Risk
MSTR vs. SLV — Risk / Return Rank
MSTR
SLV
MSTR vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.29 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 1.89 | -2.77 |
| Martin ratioReturn relative to average drawdown | -1.27 | 4.10 | -5.37 |
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Drawdowns
MSTR vs. SLV - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for MSTR and SLV.
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Drawdown Indicators
| MSTR | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -76.28% | -23.58% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -45.40% | -31.13% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -45.40% | -32.02% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -45.40% | -38.71% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | -45.40% | -43.87% |
Current DrawdownCurrent decline from peak | -73.84% | -41.96% | -31.88% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -44.66% | -41.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 20.88% | +32.13% |
Volatility
MSTR vs. SLV - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.60% compared to iShares Silver Trust (SLV) at 16.34%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTR | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 16.34% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 59.10% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 59.82% | +11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.79% | 36.46% | +54.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 32.00% | +41.80% |
Dividends
MSTR vs. SLV - Dividend Comparison
Neither MSTR nor SLV has paid dividends to shareholders.
Frequently Asked Questions
MSTR and SLV have a correlation of 0.21, 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 SLV (16.34%). In terms of maximum drawdown, MSTR dropped -99.86% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.44 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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