STRK vs. VTEB

Last updated Jun 5, 2026

STRK (MicroStrategy Incorporated) is a stock, while VTEB (Vanguard Tax-Exempt Bond ETF) is Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Over the past year, STRK returned -30.62% vs 7.03% for VTEB. At a 0.03 correlation, their price movements are largely independent.

Performance

STRK vs. VTEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroStrategy Incorporated (STRK) and Vanguard Tax-Exempt Bond ETF (VTEB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STRK achieves a -11.11% return, which is significantly lower than VTEB's 1.60% return.

STRK

• 1D: 0.16%
• 1M: -12.50%
• YTD: -11.11%
• 6M: -17.63%
• 1Y: -30.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTEB

• 1D: 0.14%
• 1M: 0.75%
• YTD: 1.60%
• 6M: 2.05%
• 1Y: 7.03%
• 3Y*: 3.54%
• 5Y*: 0.91%
• 10Y*: 2.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STRK vs. VTEB - Yearly Performance Comparison

	2026 (YTD)	2025
STRK MicroStrategy Incorporated	-11.11%	0.61%
VTEB Vanguard Tax-Exempt Bond ETF	1.60%	3.10%

Correlation

The correlation between STRK and VTEB is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025	0.03

Return for Risk

STRK vs. VTEB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STRK

STRK Risk / Return Rank: 12
STRK Sharpe Ratio Rank: 8
STRK Sortino Ratio Rank: 8
STRK Omega Ratio Rank: 10
STRK Calmar Ratio Rank: 14
STRK Martin Ratio Rank: 19

VTEB

VTEB Risk / Return Rank: 73
VTEB Sharpe Ratio Rank: 81
VTEB Sortino Ratio Rank: 87
VTEB Omega Ratio Rank: 90
VTEB Calmar Ratio Rank: 54
VTEB Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STRK vs. VTEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (STRK) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.

	STRK	VTEB	Difference
Sharpe ratio: Return per unit of total volatility	-0.86	2.61	-3.47
Sortino ratio: Return per unit of downside risk	-1.25	3.86	-5.11
Omega ratio: Gain probability vs. loss probability	0.86	1.57	-0.71
Calmar ratio: Return relative to maximum drawdown	-0.73	2.60	-3.34
Martin ratio: Return relative to average drawdown	-1.07	9.25	-10.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STRK vs. VTEB - Sharpe Ratio Comparison

The current STRK Sharpe Ratio is -0.86, which is lower than the VTEB Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of STRK and VTEB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	STRK	VTEB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.86	2.61	-3.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	0.48	-0.71

Drawdowns

STRK vs. VTEB - Drawdown Comparison

The maximum STRK drawdown since its inception was -41.90%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for STRK and VTEB.

Drawdown Indicators

	STRK	VTEB	Difference
Max Drawdown Largest peak-to-trough decline	-41.90%	-17.00%	-24.90%
Max Drawdown (1Y) Largest decline over 1 year	-41.90%	-2.71%	-39.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.00%	—
Current Drawdown Current decline from peak	-41.81%	-0.38%	-41.43%
Average Drawdown Average peak-to-trough decline	-21.78%	-2.33%	-19.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.71%	0.76%	+27.95%

Volatility

STRK vs. VTEB - Volatility Comparison

MicroStrategy Incorporated (STRK) has a higher volatility of 5.68% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.90%. This indicates that STRK's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STRK	VTEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	0.90%	+4.78%
Volatility (6M) Calculated over the trailing 6-month period	22.16%	2.01%	+20.15%
Volatility (1Y) Calculated over the trailing 1-year period	35.55%	2.72%	+32.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.03%	3.90%	+31.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.03%	5.26%	+29.77%

Dividends

STRK vs. VTEB - Dividend Comparison

STRK's dividend yield for the trailing twelve months is around 11.72%, more than VTEB's 3.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STRK MicroStrategy Incorporated	11.72%	9.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTEB Vanguard Tax-Exempt Bond ETF	3.35%	3.29%	3.14%	2.79%	2.09%	1.64%	1.99%	2.30%	2.25%	1.96%	1.66%	0.58%

Frequently Asked Questions

Can I hold both STRK and VTEB in my portfolio?

STRK and VTEB have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STRK or VTEB?

STRK has higher volatility (5.68%) compared to VTEB (0.90%). In terms of maximum drawdown, STRK dropped -41.90% vs VTEB's -17.00%.

Which has better risk-adjusted returns?

VTEB currently has the higher Sharpe Ratio (2.61 vs -0.86), 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.