RIOT vs. MSTR
RIOT (Riot Platforms, Inc.) and MSTR (Strategy Inc) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, RIOT returned 21.26%/yr vs 18.75%/yr for MSTR. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
RIOT vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, RIOT achieves a 59.19% return, which is significantly higher than MSTR's -38.61% return. Over the past 10 years, RIOT has outperformed MSTR with an annualized return of 21.26%, while MSTR has yielded a comparatively lower 18.75% annualized return.
RIOT
- 1D
- -8.82%
- 1M
- -8.77%
- 6M
- 30.38%
- YTD
- 59.19%
- 1Y
- 82.86%
- 3Y*
- 3.43%
- 5Y*
- -9.35%
- 10Y*
- 21.26%
- ALL TIME*
- -13.09%
MSTR
- 1D
- -4.56%
- 1M
- -7.43%
- 6M
- -37.69%
- YTD
- -38.61%
- 1Y
- -74.56%
- 3Y*
- 28.96%
- 5Y*
- 8.30%
- 10Y*
- 18.75%
- ALL TIME*
- 9.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MSTR Strategy Inc | $1.53B | $1.65B | $2.43B |
| $439.38M | $373.88M | $414.01M |
RIOT vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIOT Riot Platforms, Inc. | 59.19% | 24.09% | -34.00% | 356.34% | -84.82% | 31.43% | 1,416.96% | -25.83% | -94.68% | 729.34% |
MSTR Strategy Inc | -38.61% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
Correlation
The correlation between RIOT and MSTR is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2003 | 0.31 |
The correlation between RIOT and MSTR shifts across timeframes, from 0.31 (all time) to 0.69 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RIOT:
$7.63B
MSTR:
$30.86B
RIOT:
-$2.38
MSTR:
-$97.96
RIOT:
11.23
MSTR:
59.67
RIOT:
2.93
MSTR:
1.95
RIOT:
$653.27M
MSTR:
$498.35M
RIOT:
$179.76M
MSTR:
$336.89M
RIOT:
-$482.33M
MSTR:
-$36.86B
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Return for Risk
RIOT vs. MSTR — Risk / Return Rank
RIOT
MSTR
RIOT vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Riot Platforms, Inc. (RIOT) 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.
| RIOT | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.78 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.97 | +2.01 |
| Martin ratioReturn relative to average drawdown | 2.01 | -1.38 | +3.39 |
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Drawdowns
RIOT vs. MSTR - Drawdown Comparison
The maximum RIOT drawdown since its inception was -99.98%, roughly equal to the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for RIOT and MSTR.
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Drawdown Indicators
| RIOT | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -99.86% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -48.57% | -79.53% | +30.96% |
Max Drawdown (3Y)Largest decline over 3 years | -66.22% | -82.63% | +16.41% |
Max Drawdown (5Y)Largest decline over 5 years | -92.55% | -84.11% | -8.44% |
Max Drawdown (10Y)Largest decline over 10 years | -98.32% | -89.27% | -9.05% |
Current DrawdownCurrent decline from peak | -99.37% | -80.31% | -19.06% |
Average DrawdownAverage peak-to-trough decline | -87.90% | -86.42% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.38% | 55.64% | -30.26% |
Volatility
RIOT vs. MSTR - Volatility Comparison
Riot Platforms, Inc. (RIOT) has a higher volatility of 34.70% compared to Strategy Inc (MSTR) at 18.58%. This indicates that RIOT'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
| RIOT | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.70% | 18.58% | +16.12% |
Volatility (6M)Calculated over the trailing 6-month period | 66.10% | 60.57% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.64% | 75.24% | +14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.06% | 89.94% | +4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 112.63% | 74.33% | +38.30% |
Dividends
RIOT vs. MSTR - Dividend Comparison
Neither RIOT nor MSTR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RIOT Riot Platforms, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.52% |
Financials
RIOT vs. MSTR - Financials Comparison
This section allows you to compare key financial metrics between Riot Platforms, 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.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
RIOT and MSTR have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIOT has higher volatility (34.70%) compared to MSTR (18.58%). In terms of maximum drawdown, RIOT dropped -99.98% vs MSTR's -99.86%.
RIOT currently has the higher Sharpe Ratio (0.57 vs -1.02), 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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