Dividend comparison

STRF vs STRD: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock and Strategy Inc, side by side. Updated October 21, 2026.

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STRF vs STRD: key differences
The short answer, from the latest data on this page.
  • Performance. Over the last 1 year, STRF returned -6.6% versus -11.3% for STRD, with dividends reinvested. $10,000 would have grown to $9,345 in STRF and $8,872 in STRD.
  • Risk. STRD has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -45.5%, against -31.8% for STRF.

Bottom line: STRF has the edge on these figures, with stronger 1-year returns and smaller drawdowns. STRD does not lead on any of the measures compared here.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricSTRF
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock
STRD
Strategy Inc
Payout frequencyQuarterlyQuarterly
Last dividend$2.5000 on Sep 30, 2026$2.5000 on Sep 30, 2026
Ex-dividend dateSep 15, 2026Sep 15, 2026
Price$102.80$70.40
Beta3.543.54
Max drawdown (5Y)-31.8%-45.5%
Market cap$30.78B$23.44B
ExchangeNASDAQNASDAQ
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

STRF

—/mo

Yield data unavailable

STRD

—/mo

Yield data unavailable

Strategy: Alternative income
Income vehicles outside ordinary stocks and bonds: real estate investment trusts, preferred shares, business development companies that lend to private firms, and energy pipeline partnerships. Each is structured to pass most of its earnings through to shareholders, which is why yields are high. Their payouts depend on rents, loan books or pipeline volumes rather than on corporate dividend policy.

These income streams are sensitive to interest rates and credit conditions, and much of the income is taxed as ordinary income rather than qualified dividends.

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 6, 2025 would now be worth $10,441 in STRF and $8,552 in STRD.
PeriodSTRFSTRD
1 month-1.15%-5.11%
3 months6.96%17.31%
Year to date1.73%-6.87%
1 year-6.55%-11.28%
3 years——
5 years——
  • STRF
  • STRD
60951292025202610486

Both series indexed to 100 on 2025-06-06 using the adjusted closing price series. Past performance does not guarantee future results.

Quick verdict

STRF has the edge on these figures, with stronger 1-year returns and smaller drawdowns. STRD does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.

Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how STRF vs STRD fits with the rest of your holdings. Free to start — no credit card required for the trial.
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Frequently asked questions

Is STRF or STRD better for dividend income?
Compare yield, payout sustainability, and how each fund or stock fits your income goals. Use Dividend Wealth to model both holdings inside a real portfolio forecast.
What is the difference between STRF and STRD?
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) is a stock listed on NASDAQ. Strategy Inc (STRD) is a stock listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, STRF or STRD?
Over the last 1 year, STRF has the higher total return with dividends reinvested: STRF returned -6.6% and STRD returned -11.3%. Past performance does not predict future returns.
Which is riskier, STRF or STRD?
Measured by the worst peak-to-trough decline over the last five years, STRD has been riskier: STRF fell as much as 31.8% and STRD as much as 45.5%. Their betas are 3.54 and 3.54.
How often do STRF and STRD pay dividends?
Both pay quarterly. The most recent payments were $2.5000 for STRF and $2.5000 for STRD.
Can I hold both STRF and STRD?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare STRF vs STRD with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how STRF and STRD fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.