STRF vs. IBIT
STRF (Strategy 10.00% Series A Perpetual Strife Preferred Stock) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, STRF returned -12.05% vs -47.60% for IBIT. At a 0.49 correlation, their price movements are largely independent.
Performance
STRF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, STRF achieves a 1.79% return, which is significantly higher than IBIT's -29.06% return.
STRF
- 1D
- -1.06%
- 1M
- 5.32%
- 6M
- -1.37%
- YTD
- 1.79%
- 1Y
- -12.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.79%
- 1M
- -2.28%
- 6M
- -32.10%
- YTD
- -29.06%
- 1Y
- -47.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STRF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | 1.79% | 14.48% |
IBIT iShares Bitcoin Trust ETF | -29.06% | -0.98% |
Correlation
The correlation between STRF and IBIT is 0.53, 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 | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | 0.49 |
The correlation between STRF and IBIT has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
STRF vs. IBIT — Risk / Return Rank
STRF
IBIT
STRF vs. IBIT - 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 iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.82 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.90 | +0.32 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.46 | +0.34 |
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Drawdowns
STRF vs. IBIT - Drawdown Comparison
The maximum STRF drawdown since its inception was -24.48%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for STRF and IBIT.
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Drawdown Indicators
| STRF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -53.30% | +28.82% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -53.30% | +32.11% |
Current DrawdownCurrent decline from peak | -14.90% | -50.60% | +35.70% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -17.56% | +6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | 32.72% | -21.08% |
Volatility
STRF vs. IBIT - Volatility Comparison
Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) has a higher volatility of 12.52% compared to iShares Bitcoin Trust ETF (IBIT) at 11.51%. This indicates that STRF's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STRF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 11.51% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.18% | 34.79% | -16.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.55% | 44.38% | -18.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.16% | 49.97% | -23.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.16% | 49.97% | -23.81% |
Dividends
STRF vs. IBIT - Dividend Comparison
STRF's dividend yield for the trailing twelve months is around 13.15%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | 13.15% | 7.56% |
Frequently Asked Questions
STRF and IBIT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STRF has higher volatility (12.52%) compared to IBIT (11.51%). In terms of maximum drawdown, STRF dropped -24.48% vs IBIT's -53.30%.
STRF currently has the higher Sharpe Ratio (-0.47 vs -1.08), 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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