STRC vs. ICSH

Last updated Jun 5, 2026

STRC (MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock) is a stock, while ICSH (iShares Ultra Short Duration Bond Active ETF) is Ultrashort Bond fund actively managed by iShares. At a correlation of -0.09, they often move in opposite directions.

Performance

STRC vs. ICSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) and iShares Ultra Short Duration Bond Active ETF (ICSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STRC achieves a 1.28% return, which is significantly lower than ICSH's 1.45% return.

STRC

• 1D: 0.81%
• 1M: -3.62%
• YTD: 1.28%
• 6M: 2.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICSH

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.45%
• 6M: 1.80%
• 1Y: 4.32%
• 3Y*: 5.18%
• 5Y*: 3.67%
• 10Y*: 2.78%

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

STRC vs. ICSH - Yearly Performance Comparison

	2026 (YTD)	2025
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	1.28%	9.19%
ICSH iShares Ultra Short Duration Bond Active ETF	1.45%	2.05%

Correlation

The correlation between STRC and ICSH is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	-0.09

Return for Risk

STRC vs. ICSH — Risk / Return Rank

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

ICSH

ICSH Risk / Return Rank: 99
ICSH Sharpe Ratio Rank: 99
ICSH Sortino Ratio Rank: 100
ICSH Omega Ratio Rank: 100
ICSH Calmar Ratio Rank: 99
ICSH Martin Ratio Rank: 99

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.

STRC vs. ICSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	STRC	ICSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	11.13	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	7.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	2.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	1.93	-0.92

Drawdowns

STRC vs. ICSH - Drawdown Comparison

The maximum STRC drawdown since its inception was -6.39%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for STRC and ICSH.

Drawdown Indicators

	STRC	ICSH	Difference
Max Drawdown Largest peak-to-trough decline	-6.39%	-3.94%	-2.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-3.94%	—
Current Drawdown Current decline from peak	-4.07%	0.00%	-4.07%
Average Drawdown Average peak-to-trough decline	-0.55%	-0.08%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	STRC	ICSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	0.39%	+12.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.44%	0.48%	+11.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.44%	1.06%	+11.38%

Dividends

STRC vs. ICSH - Dividend Comparison

STRC's dividend yield for the trailing twelve months is around 9.42%, more than ICSH's 4.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICSH iShares Ultra Short Duration Bond Active ETF	4.34%	4.55%	5.24%	4.78%	1.66%	0.42%	1.21%	2.61%	2.20%	1.36%	0.88%	0.54%
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	9.42%	4.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both STRC and ICSH in my portfolio?

STRC and ICSH have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.