Preferred Stock Comparison
SATA vs STRC: Same Preferred Shape, Two Issuers
A head-to-head of Strive Series A preferred and Strategy Stretch preferred covering issuer, coupon design, and seniority.
Data updated September 18, 2026
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.
SATA has outpaced STRC over the year to date, posting a 14.78% total return against 8.16%. Figures are total returns: price change plus every distribution reinvested.
| Symbol | YTD | Since Nov 2025 | Volatility | Sharpe | Sortino | Max drawdown |
|---|---|---|---|---|---|---|
| SATA | 14.78% | 25.57% | 26.1% | 0.84 | 1.21 | -17.1% |
| STRC | 8.16% | 9.88% | 23.7% | 0.27 | 0.40 | -24.3% |
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 18, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Nov 2025” measures every fund from November 6, 2025 — the start of shared available history — 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.
Side-by-side snapshot
| Metric |  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 Inc. |
| Last Close | $100.01 as of September 18, 2026 | $98.51 as of September 18, 2026 |
| Distribution rate | 13.10% | 13.39% |
| Distribution Safety Score™ | 79 | 79 |
| Safety-Adjusted Yield | 10.35% | 10.58% |
| 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 | $0.052 declared, pays 09/30/2026 | $0.50 declared, pays 10/15/2026 |
| Ex-dividend date | 09/30/2026 upcoming | 09/30/2026 upcoming |
Bottom lineSATA and STRC are nearly interchangeable — both offer very similar fixed income exposure with very similar cost and risk. Neither charges a fund expense ratio, so the decision rests on business fundamentals, payout history, and valuation.
SATA vs STRC: two variable-rate preferreds
Same security type, different issuers. Coupon design and seniority matter more than a one-date yield.
| SATA | STRC | |
|---|---|---|
| Issuer | Strive | Strategy |
| Security | Strive, Inc. Variable Rate Series A Perpetual Preferred Stock | Strategy Variable Rate Series A Perpetual Stretch Preferred Stock |
| Distribution yield | 13.10% | 13.39% |
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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.
STRC offers the higher yield at 13.39% vs 13.10% for SATA. 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 $109.17/month, while STRC would produce $111.58/month, at current distribution rates.
Strategy & risk
SATA is a preferred stock built around fixed income exposure, 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
What is the difference between SATA and STRC?
Both are variable-rate perpetual preferred stocks, not ETFs. SATA (Strive, Inc. Variable Rate Series A Perpetual Preferred Stock) is issued by Strive. STRC (Strategy Variable Rate Series A Perpetual Stretch Preferred Stock) is Strategy's Stretch preferred. Distributions are 13.10% and 13.39% as of September 2026. Issuer, coupon design, and seniority matter more than a one-date yield.
What is the current distribution rate for SATA and STRC?
SATA currently distributes 13.10% and STRC 13.39%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is SATA or STRC better for dividend income?
It depends on your goals. STRC 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.
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.
Is SATA or STRC safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — they are effectively tied: SATA scores 79, STRC scores 79. Neither has a clear safety edge on that measure. No score makes an investment risk-free — treat this as a screening signal, not a guarantee.
How much income does $10,000 in SATA vs STRC generate?
At current rates, $10,000 in SATA would generate roughly $109.17 per month ($1,310.00 annually). The same in STRC would produce about $111.58 per month ($1,339.00 annually).
Which has performed better historically, SATA or STRC?
SATA has outpaced STRC over the year to date, posting a 14.78% total return against 8.16%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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SATA vs STRC — at a glance
Generated September 19, 2026.
Both trade near $100 par value and sit in the fixed-income subclass despite their preferred-equity structure. STRC's rate-reset feature is a mechanism to encourage trading stability; SATA lacks this mechanism, so its 13.10% yield is fixed. but represents preferred equity in MicroStrategy Incorporated, a publicly traded business development company with significant Bitcoin holdings. STRC is newer, having begun trading in 07/30/2025, while SATA's inception date is not reported. The stocks trade at slightly different prices: SATA at $100.01 and STRC at $98.51.
Who each is best for
- SATA: Investors seeking daily income compounding and who are comfortable with a fixed, higher distribution rate backed by Strive's cryptocurrency strategy without the reset-and-rebalancing structure present in newer alternatives.
- STRC: Investors who value price stability and monthly dividend adjustments tied to market conditions, combined with exposure to MicroStrategy's Bitcoin holdings, and who can accept a slightly higher distribution rate in exchange for the issuer's explicit focus on near-par pricing.
Key risks to know
- NAV and principal erosion risk: Both securities carry a 13.10% and 13.39% distribution rate, respectively. Perpetual preferreds paying yields this high are likely to experience NAV erosion if the underlying assets underperform or if issuer credit quality declines; distributions that exceed underlying return generation typically rely on principal draw-down or return-of-capital treatment.
- Cryptocurrency and Bitcoin volatility: Both SATA and STRC are backed by strategies with significant exposure to Bitcoin and cryptocurrency markets. A sustained downturn in crypto valuations could impair the creditworthiness of the issuing entities and their ability to sustain distributions.
- Issuer credit risk and leverage: STRC is preferred equity in MicroStrategy Incorporated, a leveraged Bitcoin proxy. MicroStrategy carries material debt incurred to finance Bitcoin purchases. Any stress event affecting MicroStrategy's ability to service debt could subordinate preferred returns. SATA faces comparable issuer-specific risk from Strive's financial structure.
- Liquidity and thinness: Perpetual preferreds in the cryptocurrency space are less liquid than large-cap dividend stocks or broad ETFs. Wide bid-ask spreads and lower trading volume can make entry and exit costly, especially in stressed markets. Both carry material credit risk tied to cryptocurrency market performance and their respective issuers' leverage, and neither should be treated as a substitute for traditional preferred stock or fixed-income exposure. Past performance 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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