STRD vs. SMT.L

Last updated Jun 13, 2026

STRD (MicroStrategy Incorporated) is a stock, while SMT.L (Scottish Mortgage Investment Trust plc) is Global Equities fund actively managed by Baillie Gifford Funds. At a 0.01 correlation, their price movements are largely independent.

Performance

STRD vs. SMT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroStrategy Incorporated (STRD) and Scottish Mortgage Investment Trust plc (SMT.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

STRD is traded in USD, while SMT.L is traded in GBp. To make them comparable, the SMT.L values have been converted to USD using the latest available exchange rates.

Returns By Period

STRD

• 1D: 0.58%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMT.L

• 1D: 1.52%
• 1M: 0.16%
• YTD: 21.96%
• 6M: 28.42%
• 1Y: 45.20%
• 3Y*: 31.62%
• 5Y*: 2.52%
• 10Y*: 19.37%

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

STRD vs. SMT.L - Yearly Performance Comparison

	2026 (YTD)
STRD MicroStrategy Incorporated	-2.05%
SMT.L Scottish Mortgage Investment Trust plc	-4.32%

Correlation

The correlation between STRD and SMT.L is 0.01, 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 May 28, 2026	0.01

Return for Risk

STRD vs. SMT.L — Risk / Return Rank

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

STRD

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

SMT.L

SMT.L Risk / Return Rank: 78
SMT.L Sharpe Ratio Rank: 79
SMT.L Sortino Ratio Rank: 82
SMT.L Omega Ratio Rank: 77
SMT.L Calmar Ratio Rank: 80
SMT.L Martin Ratio Rank: 73

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.

STRD vs. SMT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (STRD) and Scottish Mortgage Investment Trust plc (SMT.L). 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.

	STRD	SMT.L	Difference
Sharpe ratio: Return per unit of total volatility	—	1.94	—
Sortino ratio: Return per unit of downside risk	—	2.92	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.33	—
Martin ratio: Return relative to average drawdown	—	10.16	—

Drawdowns

STRD vs. SMT.L - Drawdown Comparison

The maximum STRD drawdown since its inception was -7.26%, smaller than the maximum SMT.L drawdown of -67.99%. Use the drawdown chart below to compare losses from any high point for STRD and SMT.L.

Drawdown Indicators

	STRD	SMT.L	Difference
Max Drawdown Largest peak-to-trough decline	-7.26%	-67.99%	+60.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.16%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.16%	—
Current Drawdown Current decline from peak	-2.05%	-6.44%	+4.39%
Average Drawdown Average peak-to-trough decline	-4.34%	-17.87%	+13.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.24%	—

Volatility

Volatility by Period

	STRD	SMT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.89%	22.17%	+11.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.89%	31.80%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.89%	30.39%	+3.50%

Dividends

STRD vs. SMT.L - Dividend Comparison

STRD has not paid dividends to shareholders, while SMT.L's dividend yield for the trailing twelve months is around 0.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMT.L Scottish Mortgage Investment Trust plc	0.32%	0.37%	0.44%	0.51%	0.51%	0.26%	0.27%	0.54%	0.66%	0.67%	0.93%	1.17%
STRD MicroStrategy Incorporated	0.00%	0.00%	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 STRD and SMT.L in my portfolio?

STRD and SMT.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.