MSTR vs SPY
Comparison between Microstrategy Inc - Class A (MSTR, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceMSTR has outperformed SPY, delivering a return of +24.8% compared to +13.3%
MSTR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
MSTR
$62B
Winner
SPY
$652B
Expense Ratio
MSTR
N/A
SPY
0.09%
Max Drawdown
MSTR
99.86%
Winner
SPY
56.47%
Sharpe Ratio
MSTR
-0.78
Winner
SPY
2.07
5Y Beta
MSTR
2.50
Winner
SPY
1.00
Industry
MSTR
Software - Application
SPY
N/A
P/E Ratio
Winner
MSTR
-23.93
SPY
28.24
Forward P/E
Winner
MSTR
1.30
SPY
21.85
PEG Ratio
MSTR
-0.21
SPY
N/A
5Y Dividends CAGR
MSTR
N/A
SPY
5.43%
5Y EPS CAGR
MSTR
N/A
SPY
25.79%
Debt to Equity
MSTR
22.36%
Winner
SPY
22.35%
Free Cash Flow Yield
MSTR
-0.09%
SPY
N/A
P/S Ratio
MSTR
137.16
Winner
SPY
3.55
P/B Ratio
Winner
MSTR
1.46
SPY
5.29
MSTR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MSTR
+46.21%
SPY
+9.11%
3M
Winner
MSTR
+35.50%
SPY
+6.59%
6M
MSTR
-22.46%
Winner
SPY
+10.56%
1Y
MSTR
-54.73%
Winner
SPY
+32.04%
5Y(CAGR)
Winner
MSTR
+24.76%
SPY
+13.35%
10Y(CAGR)
Winner
MSTR
+25.87%
SPY
+15.49%
Max(CAGR)
MSTR
+5.20%
Winner
SPY
+8.50%
MSTR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MSTR | SPY |
|---|---|---|
| 2026 | +19.36% | +8.27% |
| 2025 | -49.35% | +18.00% |
| 2024 | +322.71% | +25.59% |
| 2023 | +335.54% | +26.72% |
| 2022 | -74.64% | -18.64% |
| 2021 | +28.05% | +30.52% |
| 2020 | +169.25% | +17.28% |
| 2019 | +10.94% | +31.09% |
| 2018 | -3.07% | -5.24% |
| 2017 | -33.63% | +20.78% |
| 2016 | +15.35% | +13.59% |
| 2015 | +9.91% | +1.31% |
| 2014 | +31.47% | +14.56% |
| 2013 | +30.11% | +29.00% |
| 2012 | -16.09% | +14.17% |
| 2011 | +22.58% | +0.85% |
| 2010 | -11.12% | +13.14% |
| 2009 | +152.20% | +22.67% |
| 2008 | -58.78% | -36.25% |
| 2007 | -17.58% | +5.32% |
| 2006 | +31.03% | +13.85% |
| 2005 | +41.44% | +5.32% |
| 2004 | +16.43% | +10.75% |
| 2003 | +230.27% | +24.18% |
| 2002 | -61.18% | -22.42% |
| 2001 | -59.47% | -10.13% |
| 2000 | -90.89% | -8.84% |
| 1999 | +114.55% | +8.61% |
MSTR vs SPY Drawdown Comparison
The maximum drawdown for MSTR was -99.86%, occurring on Jul 26, 2002. Recovery took 6207 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MSTR drawdown is -60.41%.
| Rank | MSTR | SPY |
|---|---|---|
| #1 | -99.86% Mar 10, 2000 - Nov 11, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -77.42% Nov 20, 2024 - Feb 5, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.10% Dec 10, 1999 - Jan 10, 2000 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -20.42% Feb 16, 2000 - Mar 1, 2000 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -17.27% Nov 3, 1999 - Nov 22, 1999 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.35% Jan 28, 2000 - Feb 8, 2000 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.76% Nov 29, 1999 - Dec 3, 1999 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.65% Jan 10, 2000 - Jan 19, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.11% Nov 12, 2024 - Nov 18, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.59% Dec 6, 1999 - Dec 8, 1999 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.15% Nov 22, 1999 - Nov 24, 1999 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.12% Jan 21, 2000 - Jan 26, 2000 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -0.86% Mar 7, 2000 - Mar 9, 2000 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -0.71% Feb 8, 2000 - Feb 10, 2000 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MSTR and SPY is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
0.74
-101
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