Bitcoin’s Risk-Adjusted Returns Superior To S&P 500 And Gold

Bitcoin’s Risk-Adjusted Returns Superior To S&P 500 And Gold

Bitcoin, the world’s most prominent digital currency, has produced more robust risk-adjusted returns over the last year than rival gold or the benchmark S&P 500 index, according to data provided by market research firm TradeBlock. To arrive at this conclusion, TradeBlock leveraged the Sortino Ratio, which is similar to the Sharpe Ratio but penalizes only downside volatility when calculating risk-adjusted returns.