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OI vs. MSTR
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

OI vs. MSTR - Performance Comparison

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

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Returns By Period

In the year-to-date period, OI achieves a -49.53% return, which is significantly lower than MSTR's -37.57% return. Over the past 10 years, OI has underperformed MSTR with an annualized return of -8.81%, while MSTR has yielded a comparatively higher 19.02% annualized return.


OI

1D
4.20%
1M
-23.90%
6M
-52.24%
YTD
-49.53%
1Y
-41.93%
3Y*
-27.51%
5Y*
-12.74%
10Y*
-8.81%
ALL TIME*
-0.86%

MSTR

1D
1.69%
1M
-5.86%
6M
-32.06%
YTD
-37.57%
1Y
-74.13%
3Y*
36.02%
5Y*
7.17%
10Y*
19.02%
ALL TIME*
9.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison


PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)
$1.51B$1.54B$2.39B
$30.74M$33.82M$28.63M

OI vs. MSTR - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
OI
O-I Glass, Inc.
-49.53%36.16%-33.82%-1.15%37.74%1.09%0.16%-29.69%-22.24%27.34%
MSTR
Strategy Inc
-37.57%-47.53%358.54%346.15%-74.00%40.13%172.42%11.65%-2.70%-33.49%

Correlation

The correlation between OI and MSTR is 0.11, which is low. Their historical price movements had little consistent relationship.


Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.11

Correlation (3Y)
Balances recent behavior with more history.

0.20

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.25

Correlation (10Y)
Provides a long-term view across more market conditions.

0.25

Correlation (All Time)
Calculated using the full available price history since Jun 11, 1998

0.25

The correlation between OI and MSTR shifts across timeframes, from 0.11 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap

OI:

$1.14B

MSTR:

$31.38B

EPS

OI:

-$5.42

MSTR:

-$97.96

PS Ratio

OI:

0.18

MSTR:

60.68

PB Ratio

OI:

0.84

MSTR:

1.98

Total Revenue (TTM)

OI:

$6.36B

MSTR:

$498.35M

Gross Profit (TTM)

OI:

$942.00M

MSTR:

$336.89M

EBITDA (TTM)

OI:

-$689.00M

MSTR:

-$36.86B

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Return for Risk

OI vs. MSTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OI
OI Risk / Return Rank: 1010
Overall Rank
OI Sharpe Ratio Rank: 88
Sharpe Ratio Rank
OI Sortino Ratio Rank: 1111
Sortino Ratio Rank
OI Omega Ratio Rank: 1111
Omega Ratio Rank
OI Calmar Ratio Rank: 1515
Calmar Ratio Rank
OI Martin Ratio Rank: 66
Martin Ratio Rank

MSTR
MSTR Risk / Return Rank: 66
Overall Rank
MSTR Sharpe Ratio Rank: 55
Sharpe Ratio Rank
MSTR Sortino Ratio Rank: 33
Sortino Ratio Rank
MSTR Omega Ratio Rank: 55
Omega Ratio Rank
MSTR Calmar Ratio Rank: 66
Calmar Ratio Rank
MSTR Martin Ratio Rank: 1010
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OI vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for O-I Glass, Inc. (OI) 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.


OIMSTRDifference
Sharpe ratioReturn per unit of total volatility

+0.17

Sortino ratioReturn per unit of downside risk

+0.96

Omega ratioGain probability vs. loss probability

0.86

0.79

+0.07

Calmar ratioReturn relative to maximum drawdown

-0.74

-0.93

+0.20

Martin ratioReturn relative to average drawdown

-1.48

-1.33

-0.16

OI vs. MSTR - Sharpe Ratio Comparison

The current OI Sharpe Ratio is -0.82, which is comparable to the MSTR Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of OI 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.


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Drawdowns

OI vs. MSTR - Drawdown Comparison

The maximum OI drawdown since its inception was -94.73%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for OI and MSTR.


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Drawdown Indicators


OIMSTRDifference

Max Drawdown

Largest peak-to-trough decline

-94.73%

-99.86%

+5.13%

Max Drawdown (1Y)

Largest decline over 1 year

-57.01%

-79.53%

+22.52%

Max Drawdown (3Y)

Largest decline over 3 years

-64.74%

-82.63%

+17.89%

Max Drawdown (5Y)

Largest decline over 5 years

-69.50%

-84.11%

+14.61%

Max Drawdown (10Y)

Largest decline over 10 years

-81.56%

-89.27%

+7.71%

Current Drawdown

Current decline from peak

-87.31%

-79.98%

-7.33%

Average Drawdown

Average peak-to-trough decline

-53.34%

-86.42%

+33.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

28.29%

55.84%

-27.55%

Volatility

OI vs. MSTR - Volatility Comparison

O-I Glass, Inc. (OI) has a higher volatility of 25.97% compared to Strategy Inc (MSTR) at 16.90%. This indicates that OI's price experiences larger fluctuations and is considered to be riskier than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


OIMSTRDifference

Volatility (1M)

Calculated over the trailing 1-month period

25.97%

16.90%

+9.07%

Volatility (6M)

Calculated over the trailing 6-month period

44.30%

60.42%

-16.12%

Volatility (1Y)

Calculated over the trailing 1-year period

51.10%

74.93%

-23.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.58%

89.97%

-44.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.94%

74.36%

-25.42%

Dividends

OI vs. MSTR - Dividend Comparison

Neither OI nor MSTR has paid dividends to shareholders.


PositionTTM2025202420232022202120202019
MSTR
Strategy Inc
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
OI
O-I Glass, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.42%1.68%

Financials

OI vs. MSTR - Financials Comparison

This section allows you to compare key financial metrics between O-I Glass, Inc. and Strategy Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items

Frequently Asked Questions


OI and MSTR have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OI has higher volatility (25.97%) compared to MSTR (16.90%). In terms of maximum drawdown, OI dropped -94.73% vs MSTR's -99.86%.

OI currently has the higher Sharpe Ratio (-0.82 vs -0.99), 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.

Portfolio Optimizer

Find the right allocation for OI and MSTR

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