Preferred Stock Comparison
SATA vs STRC: Which Is the Better Pick in 2026?
A head-to-head comparison of Strive, Inc. Variable Rate Series A Perpetual Preferred Stock and Strategy Variable Rate Series A Perpetual Stretch Preferred Stock covering yield, cost, risk, and income potential.
Data updated August 3, 2026
Best for
- SATAInvestors who want higher current income (13.42% vs 6.70% for STRC).
- STRCInvestors who want the steadier, bond-like income of a preferred security.
Side-by-side snapshot
| SATA | STRC | |
|---|---|---|
| Full name | Strive, Inc. Variable Rate Series A Perpetual Preferred Stock | Strategy Variable Rate Series A Perpetual Stretch Preferred Stock |
| Issuer | Strive | Strategy |
| Last Close | $96.90 as of August 3, 2026 | $89.46 as of August 3, 2026 |
| Distribution yield | 13.42% | 6.70% |
| Distribution Safety Score™ | 79 | 81 |
| Expense ratio | — | — |
| AUM | — | — |
| Distribution frequency | Daily | Semi-Monthly |
| Underlying index | — | Preferred equity security issued by MicroStrategy Incorporated. |
| Objective | A perpetual preferred equity security designed to provide regular daily income. | Stretch (STRC) is Strategy’s perpetual preferred stock that pays a variable cash dividend twice a month (semi-monthly) — most recently $0.50 per share per payment, an annualized rate of about 12% on its $100 par value. STRC’s dividend rate is reset each month to encourage trading around STRC’s $100 par value and to help strip away price volatility. |
| Asset class | Equity | Equity |
| Inception date | N/A | N/A |
| Last dividend | $0.0516 | $0.5000 |
| Ex-dividend date | 08/28/2026 | 07/31/2026 |
Bottom lineChoose SATA if you want higher current income (13.42% vs 6.70% for STRC). Choose STRC if you want the steadier, bond-like income of a preferred security.
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Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
SATA has outpaced STRC over the year to date, posting a 8.83% total return against -3.82%. Figures are total returns: price change plus every distribution reinvested.
| Symbol | YTD | Since Nov 2025 | Volatility | Sharpe | Sortino | Max drawdown |
|---|---|---|---|---|---|---|
| SATA | 8.83% | 19.06% | 28.4% | 0.69 | 0.98 | -17.1% |
| STRC | -3.82% | -2.29% | 25.1% | -0.31 | -0.44 | -24.3% |
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 31, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Nov 2025” measures every fund from November 6, 2025 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Nov 2025. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Nov 2025) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
SATA (Strive, Inc. Variable Rate Series A Perpetual Preferred Stock) and STRC (Strategy Variable Rate Series A Perpetual Stretch Preferred Stock) are both dividend-paying preferred stocks, but they take different approaches.
SATA offers the higher yield at 13.42% vs 6.70% for STRC. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
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Deep dive
Yield & income
On a $10,000 investment, SATA would generate roughly $111.83/month, while STRC would produce $55.83/month, at current distribution rates.
Strategy & risk
SATA is a preferred stock, while STRC tracks Preferred equity security issued by MicroStrategy Incorporated. with a bitcoin approach.
Security details
SATA (Strive, Inc. Variable Rate Series A Perpetual Preferred Stock) is a preferred stock. STRC (Strategy Variable Rate Series A Perpetual Stretch Preferred Stock) is a preferred stock.
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Frequently asked questions
Is SATA or STRC better for dividend income?
It depends on your goals. SATA currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between SATA and STRC?
SATA (Strive, Inc. Variable Rate Series A Perpetual Preferred Stock) is a preferred stock, while STRC (Strategy Variable Rate Series A Perpetual Stretch Preferred Stock) tracks Preferred equity security issued by MicroStrategy Incorporated. with a bitcoin approach. They are issued by Strive and Strategy respectively.
Can I hold both SATA and STRC?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
How much income does $10,000 in SATA vs STRC generate?
At current rates, $10,000 in SATA would generate roughly $111.83 per month ($1,342.00 annually). The same in STRC would produce about $55.83 per month ($670.00 annually).
Which has performed better historically, SATA or STRC?
SATA has outpaced STRC over the year to date, posting a 8.83% total return against -3.82%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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Popular comparisons
SATA vs STRC — at a glance
Generated July 2026 from current fund data.
Overview
SATA and STRC are both perpetual preferred stocks offering high current yields but differ fundamentally in structure and underlying exposure. SATA is a Strive-issued preferred equity security paying 13.46% daily, while STRC is a MicroStrategy-linked perpetual preferred that pays 10.00% semi-monthly and resets its dividend rate monthly to anchor its price near $100 par. Both are fixed-income-style equity securities, but their payment cadence, price volatility profiles, and issuer characteristics set them apart.
How they differ
The biggest difference is underlying exposure: STRC is anchored to MicroStrategy Incorporated's creditworthiness and dividend capacity, while SATA is a standalone perpetual preferred issued by Strive. Second, STRC uses a monthly rate-reset mechanism designed to keep its price stable around $100 par and minimize interest-rate sensitivity, whereas SATA's daily-paying structure and variable-rate design do not include a par-anchoring reset. Third, STRC trades at a 13% discount to par ($86.89 vs. $100), while SATA trades closer to par at $96.58—a signal that market participants may perceive different credit or structural risk between the two. STRC's semi-monthly distribution (most recently $0.50 per share) is resettable monthly; SATA's daily distributions are not explicitly tied to a reset schedule.
Who each is best for
SATA: Fits investors seeking maximum current yield from a perpetual preferred security and who are comfortable with daily payment liquidity and potential price volatility relative to par.
STRC: Designed for income investors who value a rate-reset mechanism that aims to stabilize price around $100 par and who are willing to accept underlying exposure to MicroStrategy's leverage and operational risk in exchange for a disciplined dividend-stabilization framework.
Key risks to know
- MicroStrategy credit risk (STRC only): STRC's dividend capacity depends entirely on MicroStrategy's ability and willingness to continue paying. MicroStrategy carries significant leverage tied to its Bitcoin holdings and corporate debt; if the firm faces liquidity stress or chooses to suspend or cut its preferred dividend, STRC holders would be last in the capital structure.
- NAV erosion at elevated yields: Both securities offer yields well above risk-free rates (13.46% and 10.00%). Sustained outflows, rising interest rates, or a market revaluation of credit quality could force prices sharply lower, eroding the value of the security itself even as distributions continue.
- Perpetual preferred structure and call risk: Both are perpetual securities with no maturity date. Issuers typically retain call rights; if interest rates fall, issuers may redeem these securities at par, capping upside and forcing reinvestment at lower yields.
- STRC par-reset mechanism risk: While the monthly rate reset is designed to stabilize price, it does not guarantee par value. If market credit spreads widen faster than the reset can adjust, or if underlying MicroStrategy credit risk spikes, STRC could still trade well below $100.
Bottom line
SATA offers a higher yield and no single-issuer credit concentration, but its daily-paying structure and lack of a par-anchoring mechanism expose it to wider price swings. STRC's monthly reset and focus on $100 par stability appeal to investors seeking predictable pricing, but they inherit MicroStrategy's leverage and financing risk as the trade-off for that structure. If you prioritize maximum current income and can tolerate price volatility, SATA's yield stands out; if you value price stability and a rate-reset framework, STRC's design addresses that goal—though past performance of the underlying structures does not predict future results.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
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