MTX vs. MSTR

Last updated Jun 23, 2026

MTX (Minerals Technologies Inc.) and MSTR (Strategy Inc) are both stocks. MTX operates in Chemicals (Basic Materials), while MSTR operates in Software - Application (Technology). Over the past 10 years, MTX returned 3.94%/yr vs 20.25%/yr for MSTR. At a 0.31 correlation, their price movements are largely independent.

Performance

MTX vs. MSTR - Performance Comparison

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

Returns By Period

In the year-to-date period, MTX achieves a 27.00% return, which is significantly higher than MSTR's -27.96% return. Over the past 10 years, MTX has underperformed MSTR with an annualized return of 3.94%, while MSTR has yielded a comparatively higher 20.25% annualized return.

MTX

• 1D: -1.92%
• 1M: 0.64%
• YTD: 27.00%
• 6M: 27.40%
• 1Y: 45.83%
• 3Y*: 13.20%
• 5Y*: 0.12%
• 10Y*: 3.94%

MSTR

• 1D: -2.73%
• 1M: -31.54%
• YTD: -27.96%
• 6M: -33.39%
• 1Y: -70.39%
• 3Y*: 49.27%
• 5Y*: 14.63%
• 10Y*: 20.25%

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

MTX vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTX Minerals Technologies Inc.	27.00%	-19.43%	7.45%	17.96%	-16.73%	18.07%	8.20%	12.68%	-25.21%	-10.62%
MSTR Strategy Inc	-27.96%	-47.53%	358.54%	346.15%	-74.00%	40.13%	172.42%	11.65%	-2.70%	-33.49%

Correlation

The correlation between MTX and MSTR is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jun 11, 1998	0.31

The correlation between MTX and MSTR shifts across timeframes, from 0.18 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MTX : $2.39B MSTR : $36.55B
EPS MTX : $5.17 MSTR : -$40.19
PS Ratio MTX : 1.13 MSTR : 68.62
Total Revenue (TTM) MTX : $2.13B MSTR : $490.47M
Gross Profit (TTM) MTX : $398.40M MSTR : $334.08M
EBITDA (TTM) MTX : $352.50M MSTR : $466.93M

Return for Risk

MTX vs. MSTR — Risk / Return Rank

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

MTX

MTX Risk / Return Rank: 81
MTX Sharpe Ratio Rank: 83
MTX Sortino Ratio Rank: 80
MTX Omega Ratio Rank: 77
MTX Calmar Ratio Rank: 83
MTX Martin Ratio Rank: 82

MSTR

MSTR Risk / Return Rank: 6
MSTR Sharpe Ratio Rank: 5
MSTR Sortino Ratio Rank: 3
MSTR Omega Ratio Rank: 6
MSTR Calmar Ratio Rank: 6
MSTR Martin Ratio Rank: 11

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.

MTX vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Minerals Technologies Inc. (MTX) and Strategy Inc (MSTR). 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.

	MTX	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	1.54	-0.98	+2.52
Sortino ratio: Return per unit of downside risk	2.24	-1.86	+4.10
Omega ratio: Gain probability vs. loss probability	1.27	0.80	+0.47
Calmar ratio: Return relative to maximum drawdown	2.91	-0.92	+3.83
Martin ratio: Return relative to average drawdown	6.77	-1.30	+8.07

MTX vs. MSTR - Sharpe Ratio Comparison

The current MTX Sharpe Ratio is 1.54, which is higher than the MSTR Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of MTX and MSTR, 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

MTX vs. MSTR - Drawdown Comparison

The maximum MTX drawdown since its inception was -65.11%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for MTX and MSTR.

Drawdown Indicators

	MTX	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-65.11%	-99.86%	+34.75%
Max Drawdown (1Y) Largest decline over 1 year	-15.83%	-76.53%	+60.70%
Max Drawdown (3Y) Largest decline over 3 years	-42.47%	-77.42%	+34.95%
Max Drawdown (5Y) Largest decline over 5 years	-42.47%	-84.11%	+41.64%
Max Drawdown (10Y) Largest decline over 10 years	-65.11%	-89.27%	+24.16%
Current Drawdown Current decline from peak	-12.04%	-76.90%	+64.86%
Average Drawdown Average peak-to-trough decline	-17.44%	-86.45%	+69.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.79%	54.03%	-47.24%

Volatility

MTX vs. MSTR - Volatility Comparison

The current volatility for Minerals Technologies Inc. (MTX) is 6.24%, while Strategy Inc (MSTR) has a volatility of 21.83%. This indicates that MTX experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTX	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	21.83%	-15.59%
Volatility (6M) Calculated over the trailing 6-month period	19.28%	57.40%	-38.12%
Volatility (1Y) Calculated over the trailing 1-year period	29.91%	72.01%	-42.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.16%	90.54%	-60.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.34%	73.91%	-39.57%

Dividends

MTX vs. MSTR - Dividend Comparison

MTX's dividend yield for the trailing twelve months is around 0.61%, while MSTR has not paid dividends to shareholders.

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%
MTX Minerals Technologies Inc.	0.61%	0.74%	0.54%	0.35%	0.33%	0.27%	0.32%	0.35%	0.39%	0.29%	0.26%	0.44%

Financials

Frequently Asked Questions

Can I hold both MTX and MSTR in my portfolio?

MTX and MSTR have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTX or MSTR?

MSTR has higher volatility (21.83%) compared to MTX (6.24%). In terms of maximum drawdown, MTX dropped -65.11% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

MTX currently has the higher Sharpe Ratio (1.54 vs -0.98), 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.