SOL-USD vs. MSTR
SOL-USD (Solana) is a cryptocurrency, while MSTR (Strategy Inc) is a stock. Over the past 5 years, SOL-USD returned 15.88%/yr vs 6.88%/yr for MSTR. At a 0.40 correlation, their price movements are largely independent.
Performance
SOL-USD vs. MSTR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SOL-USD having a -40.29% return and MSTR slightly higher at -39.01%.
SOL-USD
- 1D
- 4.25%
- 1M
- -10.05%
- YTD
- -40.29%
- 6M
- -39.63%
- 1Y
- -51.54%
- 3Y*
- 57.97%
- 5Y*
- 15.88%
- 10Y*
- —
MSTR
- 1D
- 12.60%
- 1M
- -41.74%
- YTD
- -39.01%
- 6M
- -40.36%
- 1Y
- -75.86%
- 3Y*
- 39.36%
- 5Y*
- 6.88%
- 10Y*
- 18.32%
SOL-USD vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SOL-USD Solana | -40.29% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 81.60% |
MSTR Strategy Inc | -39.01% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 209.80% |
Correlation
The correlation between SOL-USD and MSTR is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.40 |
The correlation between SOL-USD and MSTR shifts across timeframes, from 0.40 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SOL-USD vs. MSTR — Risk / Return Rank
SOL-USD
MSTR
SOL-USD vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) 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.
| SOL-USD | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.78 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.93 | +0.24 |
| Martin ratioReturn relative to average drawdown | -1.06 | -1.37 | +0.32 |
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Drawdowns
SOL-USD vs. MSTR - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, roughly equal to the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for SOL-USD and MSTR.
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Drawdown Indicators
| SOL-USD | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -99.86% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -81.95% | +7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -82.63% | +6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -84.11% | -12.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -71.64% | -80.44% | +8.80% |
Average DrawdownAverage peak-to-trough decline | -51.57% | -86.44% | +34.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.25% | 55.19% | -5.94% |
Volatility
SOL-USD vs. MSTR - Volatility Comparison
The current volatility for Solana (SOL-USD) is 20.83%, while Strategy Inc (MSTR) has a volatility of 28.41%. This indicates that SOL-USD 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.
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Volatility by Period
| SOL-USD | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.83% | 28.41% | -7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 47.60% | 60.21% | -12.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.55% | 74.35% | -14.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.57% | 90.65% | -9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.55% | 74.13% | +25.42% |
Frequently Asked Questions
SOL-USD and MSTR have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (28.41%) compared to SOL-USD (20.83%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs MSTR's -99.86%.
SOL-USD currently has the higher Sharpe Ratio (-0.72 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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