STRK vs. BITO
STRK (Strategy Inc. 8.00% Series A Perpetual Strike Preferred Stock) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past year, STRK returned -43.95% vs -49.36% for BITO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
STRK vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, STRK achieves a -16.59% return, which is significantly higher than BITO's -30.09% return.
STRK
- 1D
- -0.97%
- 1M
- -7.95%
- 6M
- -23.32%
- YTD
- -16.59%
- 1Y
- -43.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.65%
- 1M
- -2.30%
- 6M
- -33.01%
- YTD
- -30.09%
- 1Y
- -49.36%
- 3Y*
- 19.35%
- 5Y*
- —
- 10Y*
- —
STRK vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STRK Strategy Inc. 8.00% Series A Perpetual Strike Preferred Stock | -16.59% | -0.74% |
BITO ProShares Bitcoin Strategy ETF | -30.09% | -14.27% |
Correlation
The correlation between STRK and BITO is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.58 |
The correlation between STRK and BITO has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
STRK vs. BITO — Risk / Return Rank
STRK
BITO
STRK vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc. 8.00% Series A Perpetual Strike Preferred Stock (STRK) and ProShares Bitcoin Strategy ETF (BITO). 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.
| STRK | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.81 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.91 | +0.05 |
| Martin ratioReturn relative to average drawdown | -1.48 | -1.48 | -0.01 |
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Drawdowns
STRK vs. BITO - Drawdown Comparison
The maximum STRK drawdown since its inception was -53.21%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for STRK and BITO.
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Drawdown Indicators
| STRK | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.21% | -77.86% | +24.65% |
Max Drawdown (1Y)Largest decline over 1 year | -51.53% | -54.47% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -54.47% | — |
Current DrawdownCurrent decline from peak | -45.40% | -51.78% | +6.38% |
Average DrawdownAverage peak-to-trough decline | -23.33% | -37.03% | +13.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.30% | 33.47% | -3.17% |
Volatility
STRK vs. BITO - Volatility Comparison
Strategy Inc. 8.00% Series A Perpetual Strike Preferred Stock (STRK) has a higher volatility of 19.21% compared to ProShares Bitcoin Strategy ETF (BITO) at 11.12%. This indicates that STRK's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STRK | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.21% | 11.12% | +8.09% |
Volatility (6M)Calculated over the trailing 6-month period | 27.68% | 34.48% | -6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.76% | 44.12% | -7.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.59% | 54.84% | -17.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 54.84% | -17.25% |
Dividends
STRK vs. BITO - Dividend Comparison
STRK's dividend yield for the trailing twelve months is around 16.57%, less than BITO's 62.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 62.24% | 78.29% | 61.59% | 15.14% |
STRK Strategy Inc. 8.00% Series A Perpetual Strike Preferred Stock | 16.57% | 9.19% | 0.00% | 0.00% |
Frequently Asked Questions
STRK and BITO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STRK has higher volatility (19.21%) compared to BITO (11.12%). In terms of maximum drawdown, STRK dropped -53.21% vs BITO's -77.86%.
BITO currently has the higher Sharpe Ratio (-1.12 vs -1.20), 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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