NFLX vs. MSTR

Last updated Jun 13, 2026

NFLX (Netflix, Inc.) and MSTR (Strategy Inc) are both stocks. NFLX operates in Entertainment (Communication Services), while MSTR operates in Software - Application (Technology). Over the past 10 years, NFLX returned 23.92%/yr vs 20.92%/yr for MSTR. At a 0.30 correlation, their price movements are largely independent.

Performance

NFLX vs. MSTR - Performance Comparison

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

Returns By Period

In the year-to-date period, NFLX achieves a -14.31% return, which is significantly higher than MSTR's -18.41% return. Over the past 10 years, NFLX has outperformed MSTR with an annualized return of 23.92%, while MSTR has yielded a comparatively lower 20.92% annualized return.

NFLX

• 1D: -1.14%
• 1M: -7.68%
• YTD: -14.31%
• 6M: -15.60%
• 1Y: -33.72%
• 3Y*: 22.62%
• 5Y*: 10.45%
• 10Y*: 23.92%

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%

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

NFLX vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NFLX Netflix, Inc.	-14.31%	5.19%	83.07%	65.11%	-51.05%	11.41%	67.11%	20.89%	39.44%	55.06%
MSTR Strategy Inc	-18.41%	-47.53%	358.54%	346.15%	-74.00%	40.13%	172.42%	11.65%	-2.70%	-33.49%

Correlation

The correlation between NFLX 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	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since May 23, 2002	0.30

The correlation between NFLX and MSTR shifts across timeframes, from 0.18 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NFLX : $345.34B MSTR : $41.40B
EPS NFLX : $3.09 MSTR : -$40.19
PS Ratio NFLX : 7.41 MSTR : 77.72
PB Ratio NFLX : 11.09 MSTR : 1.13
Total Revenue (TTM) NFLX : $46.89B MSTR : $490.47M
Gross Profit (TTM) NFLX : $22.99B MSTR : $334.08M
EBITDA (TTM) NFLX : $26.91B MSTR : $466.93M

Return for Risk

NFLX vs. MSTR — Risk / Return Rank

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

NFLX

NFLX Risk / Return Rank: 8
NFLX Sharpe Ratio Rank: 5
NFLX Sortino Ratio Rank: 7
NFLX Omega Ratio Rank: 7
NFLX Calmar Ratio Rank: 13
NFLX Martin Ratio Rank: 11

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

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.

NFLX vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Netflix, Inc. (NFLX) 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.

	NFLX	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	-0.95	-0.08
Sortino ratio: Return per unit of downside risk	-1.46	-1.71	+0.25
Omega ratio: Gain probability vs. loss probability	0.81	0.82	0.00
Calmar ratio: Return relative to maximum drawdown	-0.78	-0.88	+0.10
Martin ratio: Return relative to average drawdown	-1.35	-1.27	-0.08

NFLX vs. MSTR - Sharpe Ratio Comparison

The current NFLX Sharpe Ratio is -1.03, which is comparable to the MSTR Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of NFLX 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

NFLX vs. MSTR - Drawdown Comparison

The maximum NFLX drawdown since its inception was -81.99%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for NFLX and MSTR.

Drawdown Indicators

	NFLX	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-81.99%	-99.86%	+17.87%
Max Drawdown (1Y) Largest decline over 1 year	-43.35%	-76.53%	+33.18%
Max Drawdown (3Y) Largest decline over 3 years	-43.35%	-77.42%	+34.07%
Max Drawdown (5Y) Largest decline over 5 years	-75.95%	-84.11%	+8.16%
Max Drawdown (10Y) Largest decline over 10 years	-75.95%	-89.27%	+13.32%
Current Drawdown Current decline from peak	-40.01%	-73.84%	+33.83%
Average Drawdown Average peak-to-trough decline	-24.91%	-86.45%	+61.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.19%	53.01%	-27.82%

Volatility

NFLX vs. MSTR - Volatility Comparison

The current volatility for Netflix, Inc. (NFLX) is 5.85%, while Strategy Inc (MSTR) has a volatility of 21.60%. This indicates that NFLX 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

	NFLX	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	21.60%	-15.75%
Volatility (6M) Calculated over the trailing 6-month period	24.58%	57.34%	-32.76%
Volatility (1Y) Calculated over the trailing 1-year period	33.05%	71.15%	-38.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.09%	90.79%	-47.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.49%	73.80%	-32.31%

Dividends

NFLX vs. MSTR - Dividend Comparison

Neither NFLX nor MSTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NFLX and MSTR in my portfolio?

NFLX 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, NFLX or MSTR?

MSTR has higher volatility (21.60%) compared to NFLX (5.85%). In terms of maximum drawdown, NFLX dropped -81.99% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

MSTR currently has the higher Sharpe Ratio (-0.95 vs -1.03), 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.