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 -8.63% vs -44.50% for IBIT. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
STRF vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, STRF achieves a 1.46% return, which is significantly higher than IBIT's -28.22% return.
STRF
- 1D
- -3.31%
- 1M
- -0.86%
- 6M
- 2.53%
- YTD
- 1.46%
- 1Y
- -8.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.76%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30B | $1.34B | $1.68B | |
| $9.00M | $8.31M | $13.73M |
STRF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | 1.46% | 14.48% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -0.98% |
Correlation
The correlation between STRF and IBIT is 0.55, 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. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | 0.50 |
The correlation between STRF and IBIT has been stable across timeframes, ranging from 0.50 to 0.55 - 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 | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.83 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.87 | +0.29 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.34 | +0.14 |
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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 | -19.82% | -53.30% | +33.48% |
Current DrawdownCurrent decline from peak | -15.18% | -50.01% | +34.83% |
Average DrawdownAverage peak-to-trough decline | -11.25% | -18.24% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.05% | 34.66% | -23.61% |
Volatility
STRF vs. IBIT - Volatility Comparison
The current volatility for Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) is 5.79%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.21%. This indicates that STRF experiences smaller price fluctuations and is considered to be less risky 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 | 5.79% | 9.21% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 18.02% | 33.74% | -15.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.93% | 44.46% | -19.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.97% | 49.60% | -23.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.97% | 49.60% | -23.63% |
Dividends
STRF vs. IBIT - Dividend Comparison
STRF's dividend yield for the trailing twelve months is around 13.19%, 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 | 13.19% | 7.56% |
Frequently Asked Questions
STRF and IBIT have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.21%) compared to STRF (5.79%). In terms of maximum drawdown, STRF dropped -24.48% vs IBIT's -53.30%.
STRF currently has the higher Sharpe Ratio (-0.47 vs -1.04), 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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