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 -7.52% vs -77.31% for BITX. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
STRF vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, STRF achieves a 2.69% return, which is significantly higher than BITX's -56.44% return.
STRF
- 1D
- 1.21%
- 1M
- 0.35%
- 6M
- 5.89%
- YTD
- 2.69%
- 1Y
- -7.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.68%
BITX
- 1D
- 2.83%
- 1M
- 6.13%
- 6M
- -43.47%
- YTD
- -56.44%
- 1Y
- -77.31%
- 3Y*
- 6.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $88.24M | $96.85M | $117.71M | |
| $9.03M | $8.06M | $13.69M |
STRF vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | 2.69% | 14.48% |
BITX 2x Bitcoin Strategy ETF | -56.44% | -23.61% |
Correlation
The correlation between STRF and BITX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | 0.50 |
The correlation between STRF and BITX has been stable across timeframes, ranging from 0.50 to 0.54 - 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 | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.82 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | -0.93 | +0.55 |
| Martin ratioReturn relative to average drawdown | -0.78 | -1.30 | +0.51 |
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Drawdowns
STRF vs. BITX - Drawdown Comparison
The maximum STRF drawdown since its inception was -24.48%, smaller than the maximum BITX drawdown of -83.45%. 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 | -24.48% | -83.45% | +58.97% |
Max Drawdown (1Y)Largest decline over 1 year | -19.82% | -83.45% | +63.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -83.45% | — |
Current DrawdownCurrent decline from peak | -14.15% | -80.75% | +66.60% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -34.25% | +22.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.61% | 59.65% | -50.04% |
Volatility
STRF vs. BITX - Volatility Comparison
The current volatility for Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) is 5.85%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 17.57%. 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 | 5.85% | 17.57% | -11.72% |
Volatility (6M)Calculated over the trailing 6-month period | 17.71% | 67.80% | -50.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.65% | 88.21% | -63.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.95% | 97.14% | -71.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.95% | 97.14% | -71.19% |
Dividends
STRF vs. BITX - Dividend Comparison
STRF's dividend yield for the trailing twelve months is around 13.03%, less than BITX's 27.12% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 27.12% | 21.69% | 10.70% |
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | 13.03% | 7.56% | 0.00% |
Frequently Asked Questions
STRF and BITX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (17.57%) compared to STRF (5.85%). In terms of maximum drawdown, STRF dropped -24.48% vs BITX's -83.45%.
STRF currently has the higher Sharpe Ratio (-0.31 vs -0.88), 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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