STRF vs. BITX
STRF (Strategy 10.00% Series A Perpetual Strife Preferred Stock) is a stock, while BITX (2x Bitcoin Strategy ETF) is Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). Over the past year, STRF returned -0.04% vs -74.26% for BITX. At a 0.49 correlation, their price movements are largely independent.
Performance
STRF vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, STRF achieves a -1.89% return, which is significantly higher than BITX's -57.54% return.
STRF
- 1D
- 0.31%
- 1M
- -4.71%
- YTD
- -1.89%
- 6M
- -6.03%
- 1Y
- -0.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITX
- 1D
- -6.62%
- 1M
- -34.22%
- YTD
- -57.54%
- 6M
- -57.83%
- 1Y
- -74.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STRF vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | -1.89% | 14.48% |
BITX 2x Bitcoin Strategy ETF | -57.54% | -23.61% |
Correlation
The correlation between STRF and BITX is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | 0.49 |
The correlation between STRF and BITX has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
STRF vs. BITX — Risk / Return Rank
STRF
BITX
STRF vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) and 2x Bitcoin Strategy ETF (BITX). 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.
| STRF | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.84 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | -0.91 | +0.90 |
| Martin ratioReturn relative to average drawdown | -0.00 | -1.40 | +1.39 |
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Drawdowns
STRF vs. BITX - Drawdown Comparison
The maximum STRF drawdown since its inception was -24.01%, smaller than the maximum BITX drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for STRF and BITX.
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Drawdown Indicators
| STRF | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.01% | -82.16% | +58.15% |
Max Drawdown (1Y)Largest decline over 1 year | -24.01% | -82.16% | +58.15% |
Current DrawdownCurrent decline from peak | -17.98% | -81.23% | +63.25% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -32.50% | +21.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.82% | 53.22% | -39.40% |
Volatility
STRF vs. BITX - Volatility Comparison
The current volatility for Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) is 7.63%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 26.10%. This indicates that STRF experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STRF | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.63% | 26.10% | -18.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.25% | 69.46% | -54.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.01% | 87.90% | -62.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.74% | 98.18% | -73.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.74% | 98.18% | -73.44% |
Dividends
STRF vs. BITX - Dividend Comparison
STRF's dividend yield for the trailing twelve months is around 13.64%, less than BITX's 37.54% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 37.54% | 21.69% | 10.70% |
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | 13.64% | 7.56% | 0.00% |
Frequently Asked Questions
STRF and BITX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (26.10%) compared to STRF (7.63%). In terms of maximum drawdown, STRF dropped -24.01% vs BITX's -82.16%.
STRF currently has the higher Sharpe Ratio (-0.00 vs -0.85), 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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