HOOD vs MSTR: Correlation
How closely do Robinhood Markets (HOOD) and Strategy Inc (MSTR) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOOD and MSTR?
On 3 years of weekly data the HOOD/MSTR correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 3257.7 %².
By 3-year correlation, MSTR places #18 of the 39 assets tracked against HOOD. Their recent paths diverged sharply: over the last 12 months HOOD outperformed by 66.4 percentage points (+6.6% for HOOD against -59.8% for MSTR).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HOOD vs MSTR: side by side
| HOOD (Robinhood Markets) | MSTR (Strategy Inc) | |
|---|---|---|
| 1-year return | +6.6% | -59.8% |
| 5-year return | +151.5% | +95.5% |
| Volatility (ann.) | 71.4% | 87.2% |
| Beta vs S&P 500 | 2.88 | 1.49 |
| Max drawdown (3Y) | -57.3% | -82.6% |
| Market cap | $98.7B | $54.6B |
| P/E (trailing) | 48.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HOOD | MSTR |
|---|---|---|
| 2022 | -54.2% | -74.0% |
| 2023 | +56.5% | +346.2% |
| 2024 | +192.5% | +358.5% |
| 2025 | +203.5% | -47.5% |
| 2026 | -3.0% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOOD and MSTR good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HOOD and MSTR?
As of 2026-08-27, the correlation of weekly returns between HOOD and MSTR is 0.52 over 3 years, 0.57 over 1 year and 0.54 over 5 years.
Is MSTR a good diversifier for HOOD?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hood-vs-mstr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hood-vs-mstr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HOOD correlations · MSTR correlations
